Xau/btc

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Xau/btcGOLD / BITCOINTVC:XAUBTCCircuitMacroHey everyone, here's a quick analysis on XAU/BTC (Gold vs Bitcoin). As you can see on the chart, price has been in a sharp downtrend since the July high and is now approaching a major historical support zone around 0.05000 – 0.05200 (the pink area). This level has acted as both support and resistance multiple times before. My view: I believe we still have one more upside move ahead, followed by a solid correction. This correction should have good symmetry with the previous leg. I’ve marked two key areas for the potential start of the next downtrend with the green and blue arrows. These arrows are not trend lines — they simply show the direction and my two possible scenarios for the upcoming drop after the rally. Main Scenario: One more rally toward the 0.072 – 0.075 area, followed by a strong correction into one of the two zones marked by the arrows. If price breaks and closes below 0.05000 with volume, we could see a deeper decline. This is currently a very important area to watch closely. As always, manage your risk properly — this is just an analytical idea, not financial advice.