Gold & Bitcoin Elliott Wave Analysis — TradingLounge

Peter Mather
1 min readApr 26, 2021

Gold Elliott Wave Analysis — TradingLounge

Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast

Overview: The 1800 is a good target for Gold to take some profit, we can renter IF the 1800 becomes the tested support

Elliott Wave Gold: Can be counted in different ways, but the 1800 is the line in the sand, so support on 1800 flips the market to the upside.

Gold Trading Strategy: Long above 1800

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Bitcoin Elliott Wave Analysis — Trading Lounge

Bitcoin (BTC) Ethereum (ETH) Technical Analysis Elliott Wave

Overview: ABC as Wave (4) an Intermediate degree Elliott Wave structure down towards 40–45k

Bitcoin Elliott Wave Analysis: VWave A completed and Wave B corrective raly in progress

Trading Levels: Resistance Medium Level ML65|65,000 with second resistance at 60,000 the 61.8% and with support at the Major level TL5|50,000

Bitcoin Trading Strategy: Long above 50,000 as tested support

Peter Mathers TradingLounge

Looking to Refine Your Trading and Technical Analysis Skills?
SPECIAL DEAL 3 Months for the Price of 1 Month https://tradinglounge.com/

#crypto​ #bitcoin​ #btc​ #Ethereum

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Peter Mather

I am an expert Elliott Wave Traders with 10+ years of experience.