🔼 If Gold closes about 5095, then 5400 in play.
🔼 If Silver closes above 93, then 118 in play.
🔽 If Gold closes below 5000, then 4650 in play.
🔽 If Silver closes below 70, then 45 in play.
Bitcoin ✨
Ethereum
Consolidating below the major trendline breach is common and as predicted on the day of short-term capitulation; it may take weeks before resuming the next leg lower.
God bless and godspeed.
**BITCOIN**
Rising wedge update.
Two probable paths shown.
Backtesting the undercarriage of a rising wedge is common, pending and depending on how high the backtest they want to take it before it heads much lower.
This will take weeks to complete.
**BITCOIN**〽️📊
Update
A lot of work went into creating this chart.
Spend an hour studying it and appreciating its beauty.
To commend its beauty, I have named it:
"Luminary Cascade"
God bless and godspeed.
GOLD
30-minute chart
We can clearly see the double top and measurement rule projected lower to perfection.
4150 and 4200 are main levels of resistance.
GOLD
Had to use a 4-hour chart to better identify resistance levels.
I have marked resistance levels that must be broken for gold to recover and move higher in steps.
I have also depicted two probable paths.
The most important number is 4160 and 4220.
Blue pill 📘 or red pill 🟥?
Bitcoin and Ethereum are approaching their major trendlines.
The law of attraction is at play. Below these trendlines, expect full-blown panic.
P.S I do expect a temporary bounce at those levels before the guillotine is dropped.
Hope this helps.
GOLD🪙
Measured move, measurement rule suggests a potential near short -term top at 4200 before consolidating.
RSI nearing 1978 highs (RSI 95)
Hope this helps
Gold isn't rising due to speculative euphoria; it's rising because a major crisis looms.
The lead-up to historical crises and their aftermath is shown below.
Something big is coming.
God bless, godspeed and god help us all.
Present bull run in gold that started in October of 2023 had 4 major consolidations with each lasting on average 3 to 4 months. The present 4th consolidation lasted a little over 4 month, which is quite similar to the 2nd one.
Each breakout from a horizontal resistance resulted initially in a limited rally then 3-4 week short-term consolidation (elliptic shape) followed by a stronger rally.
If the same pattern plays out, then I expect
1. Gold to reach approximately $3,600 within 2 weeks.
2. Consolidate for 3 - 4 weeks within elliptic shape.
3. Final run, in present cycle, to my to $3,900 - 4,000 price target within 3 - 4 weeks.
All in all, gold should be able to reach price target within 8 to 10 weeks, which targets late October to early November 2025.
This post is not an investment advise...