The price of Gold is on the verge of a major decline. The recent decline to the bottom of the rising wedge that started on March 09, 2020 triggered a massive crash in Bitcoin and other cryptocurrencies. That decline would be minuscule compared to what we risk here if XAUUSD crashed below the rising wedge. It could have a crippling effect on Bitcoin and that is also one of the reasons why I expect BTCUSD to decline below $3k this year and for Gold to decline to $1,500 and lower levels.
LEARNING NEVER STOPS.
If you liked this analysis, please give it a thumbs up and share it. Comment below with your thoughts and suggestions. Good luck! :')
LEARNING NEVER STOPS.
If you liked this analysis, please give it a thumbs up and share it. Comment below with your thoughts and suggestions. Good luck! :')
Not
Broke below rising wedge as expected. Now we need to see a break below this key support. Not
Key support break. Bearish. 
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.