Elena_Aurora
@t_Elena_Aurora
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Elena_Aurora
Hello wealthy traders! Currently, the price of Bitcoin is trading steadily below the resistance level of $44,000. It seems that the bearish movement is operating around that area and pushing the price down. If Bitcoin fails to surpass the $44,000 resistance zone with this consolidation, it could continue moving downwards towards the $36,000 region. At the time of writing, the price is trading around $43,181 and maintaining an upward trend on a weekly timeframe. It is expected that the price will continue to rise, with the anticipated peak of this upward movement reaching $50,000. After that, it may experience a correction to the aforementioned level. What is your perspective? Do you agree with Elena's analysis?Trade active
Elena_Aurora
This will be a long-term analysis of Gold. Regarding the weekly chart analysis: Elena noticed that the price has been trading sideways for a considerable period of time, evidenced by the two dashed white lines. Currently, the price is stable at around $2053, with immediate support seen around $2035. Bulls have marked a strong fight as they try to push the trend back up. If the price action of this precious metal follows this trading idea, the resistance level and target price could be around $2260, with the peak of this range at $2538. What about you? How do you feel about the future trend of gold?Comment: The market is temporarily closed, the market will start operating again tomorrow. Right now, spend time with relatives and friends. Merry Christmas!
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