StarrOne
@t_StarrOne
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Gold is running wave 3, planning to go down to the near resistance zone then run wave 4 to the area just broken out, continue running wave 5 to decrease to complete the short-term decrease cycleEveryone pay attention to the transaction, I have noted the price zones for everyone to refer to. Thank you traders for reading the article.Follow me to see my analysis and comments on Gold !!!Best regards, StarrOne !!!
Bitcoin recently broke the support zone between the key support level of 102,150 (which has reversed price several times since early May) and the 50% Fibonacci retracement level of the bullish impulse from last month.The break of this support zone has accelerated the short-term positive ABC 2 correction, which started earlier from the major multi-month resistance level of 110,000Bitcoin is likely to fall to the next support level of 98,000.00 (previously strong resistance level in February).
Gold, after rising around 3400, has been under strong downward pressure after US President Donald Trump and Chinese President Xi Jinping had a productive phone call. Today the market focuses on Nonfarm Payrolls- Technically.Gold has been under downward pressure from around 3400 and yesterday's decline was good, gold is currently trading below the 3400 zone. However, it has met support at the 3346 - 3340 zone.Before today's NFP news, you can trade according to the above support zone to buy up, and sell at the psychological resistance zone of 3400.Goldman Sachs Forecasts:May NFP: 125,000Unemployment Rate: 4.2%Wage Growth: 0.3% MoMThe firm also said federal layoffs could drag down the overall figure due to workforce reductionsTouch Support zone and Up. Greatttttttt !!!
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