The financial world was so obsessed with the Bitcoin Rallye of the past weeks that we almost forgot about gold. Saddened by this lack of attention, the gold price took another dip this week. We expect it to further decline past the marks of $1817 and $1767, all the way down to somewhere between $1700 and $1720. In the wake of a currently correcting Bitcoin, the Bulls might start a comeback, pushing the gold price above the $1966. However, we give this alternative a chance of 35%, which should keep the Bulls‘ optimism in check – for now.
Happy trading! ✌️
Happy trading! ✌️
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter - full free analyses at dailymarketupdate.com
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.