Perspective from a distance!

November 3

On the higher time frame (Weekly) we can clearly see
1. Mid October the buyers were in the driving seat
2. Ebbing into indecision towards the end of the previous month
3. Clear signal that the sellers are in control starting November

What we can infer from these candlesticks is very obvious!

Bulls have run out of steam or in other words buyers (or new money) is/are not interested in entering the market

Profit taking may continue

Interest rates are expected to stay elevated (even if we see a .025% rate cut)

Warren Buffet definition about gold

So like they say Trend is your Friend we will look for selling opportunities in both Gold and BTC.