On June 22, our platform identified a bullish breakout from Falling Wedge pattern for gold (see blog).
It’s up +5.50% since then and it could be a signal of trend reversal.
Gold: Breakout from Falling Wedge
Source: altFINS expert trade setups
Gold price has reached $4,300 resistance and is getting overbought (RSI > 70). Hence, it could pause its advance near-term but if it breaks above $4,300, it could revisit $4,550 next.
Is BTC next?
Perhaps gold and BTC are both driven by the same catalyst: lower inflation (CPI) data and weaker jobs data could keep the FED from rate hikes and maybe even gradually lay the ground for rate cuts in 2027.
Lower interest rates are positive for crypto and gold as well, and negative for USD.
See more expert trade setups under Technical Analysis section.
BTC - Breakout from Channel Down
We first shared the gold analysis in our VIP telegram group and our Technical Analysis section.
Trade Setups
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