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Update on Gold
The uptrend is still in play as we are holding above our support area and between resistance. The key pivot is at 1984, which could signal a direct move higher in a third wave if it is held. The Bitcoin chart also follows the same philosophy. If we stay above support levels, the bullish case remains intact. The target for the third wave would be at around $2390, but we need to stay vigilant for any potential pullbacks.
We need to focus on the upside against key support areas because a deeper pullback could develop. If 1889 support holds, our focus remains on the upside.