Despite the weekly correction, Bitcoin remains bullish on its 1D technical outlook (RSI = 66.961, MACD = 5631.400< ADX = 43.561) and even overbought on the 1W timeframe (RSI = 74.750). That is because the market has started the final parabolic rally, the cycle's most aggressive phase, supported by the 1W MA50. It can stay overbought until the top, the end of the...
GOLD is in an ascending channel between the trend lines.
The chart is moving from the lower boundary of the channel.
The price has already reached the support level, which acted as a rebound point and is now holding above it and the 50% retracement level.
We expect XAUUSD growth to continue.
