Gold saw a massive sell-off throughout yesterday and overnight, price now seems to be finding it’s feet on the 4H 200SMA and major diagonal support. This level also coincides with the Monthly and Weekly S2 Pivots @ 1905 meaning a proper 4H close above it could be the start of the next bullish run. It is worth considering a stop-loss @ 1850. Watch out for resistance at the 4H 100SMA as rejection could send price lower again. Consider moving your stop to break-even in that scenario.

Bitcoin (BTCUSD) Setup

BTC broke short-term diagonal support and saw the major level @ 11200 retested. Currently the 4H 100SMA is being tested with a possible medium term long setup worth considering if we can confidently close back above it and the Weekly Pivot @ 11500. Stops can be placed below major support @ 10950.