Gold made a monthly Dark Cloud Cover in June. The odds are with bears now, but a confirmation is required. Let’s explore the hypothesis from different angles. MonthlyIn June gold made a dramatic reversal and produced a solid Dark Cloud Cover (1 more point down and it would be a Bearish Engulfing). The move shiftedContinue reading “#XAUUSD = Gold: Monthly Analysis = 30.06.2021 #GOLD #preciousmetals $GDX $GLD”
$BTC monthly closure does not signal an immediate downwards move. Expect a multi-month horizontal development. Let’s explore the hypothesis from the different angles. MonthlyThe June’s candle suggests that BTC is taking a multi-month pause after an extremely strong fall in May. The pause is expected to last 2-6 months (ideally 3). The price continues toContinue reading “#Bitcoin = Monthly Analysis: Horizontal Moves Expected + Long Term Forecast = 30.06.2021 $BTC #BTC #trading #investing #charts #ElliottWave #cryptocurrency”
GDX formed a monthly Bearish Engulfing. The lower prices are almost guaranteed for the next month. Targets – $31, $25, $15. Let’s explore the hypothesis from different angles. MonthlyAs predicted, GDX did complete a monthly Bearish Engulfing. The damage is done on the monthly scale. The odds have shifted to the dark side. It’s overContinue reading “$GDX = Monthly Analysis + Forecast = 30.06.2021 #gold #investing #trading #preciousmetals”
XAU, GDX, GLD have a good chance to form a monthly Bearish Engulfing today. Almost all rare previous events led to multi-month bear markets. Can this time be different? Follow @InvestingAngles for the mid- and long-term forecasts.
Today BTC closed above 35.5k, the level to begin a rally. However, the volume! The volume has declined for 3 green days. A green candle on elevated volume tomorrow would likely cement the rally. Otherwise, anything could happen on the last day of the month. Let’s have a look at the details. DailyToday’s candle closedContinue reading “#Bitcoin = Daily Analysis – Neutral-Bearish = 29.06.2021 $BTC #BTC #trading #investing #charts #ElliottWave #cryptocurrency”