Gold is moving nicely lower after retesting 1280 about we talked last week. So far we can see a very nice move down so I think it’s fifth wave in progress which can be underway to 1260/65 area, where downside can be limited this week as a new three wave rally may come in play.
GOLD, 30Min
As expected, Bitcoin is breaking nicely into new highs for wave (v) and there can be room even for 5800-6000 area within a five-wave cycle. However, it’s fifth wave, so keep in mind that a deeper pullback may occur anytime.
BTCUSD, 1h
