Major Key Points to Consider
- Gold (XAU/USD): May Rise to $4313 – $4380
- Bitcoin (BTC/USD): May Decline to $85000 – $80000
Gold (XAU/USD) Price Forecast for Today : Gold Analysis
Gold (XAUUSD) price has been settled above the key price level of $4254 and now in the short uptrend. The next target for this short uptrend is $4313 & $4380.
In other Scenario, if Gold price failed to settle above the $4255 during the course day activity, then price may decline to the next support available at $4165 – $4175.
In this The Key Price level of $4162 is the main support. The break Though of this may decline the price to the $4060 level.
Gold (XAUUSD) Trading Plan for Today
Hold & Consider Long Trades above the level of $4155 – $4165 with Target $4313 & $4380. Stop Loss : Breakeven
Bitcoin (BTC/USD) Price Forecast for Today : Bitcoin Analysis
Yesterday Bitcoin has failed to break the resistance available at $94400 and showing the short term downtrend. Now the price will Move in downtrend to find its support.Â
In long term downtrend price may find support at price level of $85000 & $80000. Hold the Short Trades opened below the $92500 price level with target $85000 & $80000.Â
In Short term uptrend, if price surge above the Key price level of $92500 the short uptrend may continue till the price level of $94400.Â
Bitcoin (BTCUSD) Trading Plan for Today
Hold & Consider Short Trades Below the level of $92500 with Target $85000 & $80000. Stop Loss : Breakeven
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This forecast is based on the Elliott Wave Theory. When developing trading strategies, it is essential to consider fundamental factors, as the market situation can change at any time.
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