BTCUSD Weekly Review
On this chart, the Bitcoin is within an ascending channel formation, Basically, we are waiting for a rebound from the lower trendline to pick a long term buy position towards the upper trendline, if the price breaks and closes above this upper trendline, then this will be a good place to consider a possible long term buy position. If the price breaks and closes below this trendline, then further momentum to the lowerside is expected with the next ideal target is expected towards 32829.94 towards 30,247.54.
Trade Recommendations:
Wait and buy a rebound from the lower trendline.
Gold Weekly Review
Gold is currently within a range, not going above 2066.57 or below 1656.34. As it is right now, we expect a possible rally to the upperside towards the level 2066.57, if the price should close above this level, then a rally much higher is imminent, on the otherside, if the price breaks and closes below 1656.34, then we will be expecting a possible rally much lower with the next ideal target set around 1656.74, if this line is broken, then further rally much lower is expected.
Trade Recommendations:
Expect a bullish rally towards 2066.
NQ100 Weekly Review
On this chart, the NQ100 is currently rally with a bearish bias momentum, the price broke and closed below the lower trendline and even attempted to close below 14159.3, if the price can break and clearly close below this line, then we will be expecting a continuation to the lowerside with the next ideal target set around 13,245.4 and may continue much lower with the next ideal target set around 12k. on the flipside, in case the price breaks above the immediate trendline, then we are going to see buyers take control.
Trade Recommendations:
As long as the price remains below the lower trendline, we are looking for sell positions towards 13,245.21.
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