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Bitcoin's recent breakout attempt fails, signaling potential retest of key support level near $63,500. Traders urged to exercise caution and readiness for market volatility. But longer term trades should wait for more confirmation.
The Russian military has suffered another humiliating defeat after the Ukrainian forces captured the town of Lyman.
Confirmed, unconfirmed, verified, and invalidated: breakouts and breakdowns are now ubiquitous. And the implications are bearish for gold. Let’s start today’s analysis with a discussion of the key market that everyone is interested in – gold. Gold’s Failed Breakout – A Sell Sign In short, gold just invalidated its small breakout above the declining blue resistance line. The previous breakout was small and thus it required a confirmation. It never got one, and instead gold plunged, invalidating the move. This is yet another sell sign that we saw. It also serves as further ...