-The zone between 9500-10300 is a major MOB Zone for Btc above it are strong buyers and It's the very first time for Btc to close above this zone without creating long upper rejection wicks -like it did in june 19- and it's also the very first time in history for Btc to close above the Ichimoku cloud on the weekly TF without creating long upper rejection...
I expect gold to drop to the levels of 1945-1980 as the price had major resistance in these areas before and if the price breaks these levels the gold uptrend will be ended and we will begin to see lower lows and if the price respected this zone and bounced we will see new highs
The price is retracing after a big downtrend or it could be reversing the trend but it's too soon to say
the targets are the major MOB levels which corresponds with Fibo:
1- 16.4500 which corresponds with .382 Fibo
2- "17" which corresponds with .681 Fibo
price is forming a Head and shoulder pattern with the target at 1776-1780 zone which corresponds with the strong trend line it has been testing March
-This analysis is not valid if the price closed below 1717
