Elizabeth-Dreaming

The upper short-term focus is on the 2800-2810 resistance rangeThe lower short-term focus is on the 2758-2763 support rangeThe current gold price continues the bullish trend. Yesterday, it rose from 2740 to 2775, and the daily line closed with a real positive line, showing strong upward momentum. Today, gold continued its upward momentum and tested the 2800 line resistance. If the price successfully breaks through this point, the upper target will further point to the 2815-2820 area, which is the top position of the current upward channel.Daily chart: Gold maintains a strong upward trend in the upward channel, and the price rises along the upper track of the channel, showing a stable bullish structure. The daily pattern continues to be strong, and the 2800 line is a short-term key resistance area. If this position is broken, the subsequent upward space is expected to extend to 2815-2820.4-hour chart: Gold broke through the triangle convergence range and formed a bullish arrangement, and it continues to move upward. However, as the price gradually climbed, the momentum indicator showed that the bullish force was slightly weakened, and the price upward rhythm slowed down.1-hour chart: The hourly chart shows that after the price rose to 2770, it entered a slow upward trend. The overall structure is still bullish, but there are signs of reduced short-term momentum.In summary, the overall trend of gold is strong, and the bullish structure remains unchanged. In terms of operation ideas, it is recommended to do more at low levels after the correction, pay attention to the upper resistance of 2800 and the test of the 2815-2820 area, to ensure follow-up and reduce the risk of correction caused by shrinking momentum.Hello, dear traders, I think everyone has seen many friends profit from our signals. Most people have made a lot of money. Many friends did not listen to my advice and chose the wrong way. They thought they could make a profit. If you want to understand. You come to the market to make money. And also for fun. Then follow me. Do what I say, and your profit will double. Let your profit grow. As long as you stick to it, the stable profit per week will be at least between 200%-400%. Don't wait until your account balance reaches 0 to realize that there is something wrong with your trading method.

Please don't be too optimistic, beware of fallingWhat if Bitcoin were to remain stuck in a range between 70K and 50K for an extended period?Although this idea seems unimaginable to the bulls—who get frustrated by any statement that isn’t "Bitcoin to the moon"—this scenario is more than just a remote possibility.Recently, Bitcoin hit the 70K zone once again, and from a technical standpoint, it broke out of the flag it had been trading in for over six months.However, to me, this breakout feels more like the "chronicle of a break foretold"—the one we’ve all been expecting, where everyone’s buying, everyone’s making money.Yet, from a fundamental perspective, things aren’t looking as rosy as one might think.Technically, it seems like the price will come back to confirm the breakout. But again, from my point of view, things just seem a bit too simple.So, what if Bitcoin slips back under 65K and continues downward towards the bottom of the range at 50K?Hello, dear traders, I think everyone has seen many friends profit from our signals. Most people have made a lot of money. Many friends did not listen to my advice and chose the wrong way. They thought they could make a profit. If you want to understand. You come to the market to make money. And also for fun. Then follow me. Do what I say, and your profit will double. Let your profit grow. As long as you stick to it, the stable profit per week will be at least between 200%-400%. Don't wait until your account balance reaches 0 to realize that there is something wrong with your trading method.

Is the top of Bitcoin about to fall?In light of current developments, BTC appears to be nearing a key peak, and the outlook for growth remains positive. However, traders should remain cautious and monitor key resistance and support levels, considering potential corrections that may follow after reaching these important Fibonacci targets.After Bitcoin (BTC) finally broke key resistance after 228 days, there is an opportunity to achieve a new all-time high (ATH), which I estimate could reach between $86,000 and $91,000.The current structure of BTC indicates that we are in an ending diagonal, suggesting that we are approaching the end of the current bullish trend, which has lasted for 708 days and is expected to continue for another 70-90 days.Fibonacci Targets fpr major top!Assuming we are indeed in the final wave, Fibonacci targets between − 0.236 and − 0.382 (based on waves 2 to 3) may come into play, unless this wave becomes extended. Given the current structure, these levels appear achievable within the ongoing cycle.Expected Correction and reversal trendAfter reaching these targets, I anticipate a significant decline, with a final target between $30,000 and $40,000. My main target is the golden pocket(0.618 fib), but BTC often extends to the.786 fib level ($30,000), further supporting the possibility of larger corrections.Reasons for Trend EndEnding Diagonal: BTC is currently in an ending diagonal formation, which typically signifies the end of the prevailing trend.Divergence: There is a substantial bearish divergence forming on both the daily and weekly timeframes, which is almost impossible to invalidate. This divergence serves as a critical indicator of weakening momentum in the current bullish trend.

Please continue to be optimistic, 2800 point is about to break!!Gold prices continued their rise during trading on Wednesday, recording their highest levels ever as investors rushed towards the safe-haven metal with less than a week remaining until the US presidential election, as investors await important economic data for clues on the US Federal Reserve’s interest rate stance.Generally, the direction is uptrendUptrend Side: The gold price continues to record new highs, establishing support at 2,778. As long as it trades above this level, it is likely to rise further to reach the next resistance at 2,787. A break above this resistance could drive the price to a new high of 2,800.Downtrend Side: The price needs to undergo a strong correction to break through the support levels at 2,778, 2,757, and 2,668.