5.27 Market Analysis Report $BTC & $XAU
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1. BTC
In this segment, we will focus on trading around three scenarios (Sunday livestream replay)
1. If we get a bounce around 78-79, we could see another dip (this is why I've been stressing this level for pullbacks with tight stop-losses)
2. If we consolidate around 79 and form a platform, we might aim for 82
3. Until we reclaim 83 on the weekly chart, the weekly target remains at 5.5, extending to 4.2
Based on these three trends and key market points, let's summarize some trade levels
Chart 2
Resistance: 78-79, 82
Support: 745, 725.7, 675.65
Depending on different cycles and positions in Chart 2, choose left-side or right-side trades
For those who can't read the text, just remember the long and short levels
2. Gold
Gold resistance is at 4650, the upper channel
As mentioned in the earlier session, around 4500 is a dense order zone, so there will be plenty of support below
Currently, the nearby resistance hasn't been reclaimed, and the downside target remains around 4400
Intraday resistance at 4590, support at 4528; a break below this could warrant further downside
------------------------------------------
1. BTC
In this segment, we will focus on trading around three scenarios (Sunday livestream replay)
1. If we get a bounce around 78-79, we could see another dip (this is why I've been stressing this level for pullbacks with tight stop-losses)
2. If we consolidate around 79 and form a platform, we might aim for 82
3. Until we reclaim 83 on the weekly chart, the weekly target remains at 5.5, extending to 4.2
Based on these three trends and key market points, let's summarize some trade levels
Chart 2
Resistance: 78-79, 82
Support: 745, 725.7, 675.65
Depending on different cycles and positions in Chart 2, choose left-side or right-side trades
For those who can't read the text, just remember the long and short levels
2. Gold
Gold resistance is at 4650, the upper channel
As mentioned in the earlier session, around 4500 is a dense order zone, so there will be plenty of support below
Currently, the nearby resistance hasn't been reclaimed, and the downside target remains around 4400
Intraday resistance at 4590, support at 4528; a break below this could warrant further downside