Gold Spot (XAUUSD) Likely To Break Below Support... ($1690)

Gold Spot (XAUUSD) is now testing the ~$1850 support level... This level is likely to fail.

Our focus goes to cryptocurrency, Bitcoin but mainly Altcoins...
We are seeing Gold, BTC, and the SPX moving in many similar ways.

Here XAUUSD is testing a support level that is likely to break.

On this correction/drop, we are likely to see $1690 as the final support level before more up...
We have chances of seeing higher prices right away but I don't think this is how things will go.

We will have a very nice/strong correction for a few months and then Gold, Cryptocurrency, Bitcoin, and the Altcoins will again move up strong.

Namaste.

Trade stängt: målet nått:

Sept. 23, 2020 | "On this correction/drop, we are likely to see $1690 as the final support level before more up..."

Gold bottoms at $1,676 March 2021 and starts a new bullish cycle.