Contributed Commentaries
Gold: A small pull back on the way to $2100?
Kitco Commentaries | Opinions, Ideas and Markets Talk
Featuring views and opinions written by market professionals, not staff journalists.
$25 off the recent high maybe the deepest dip bulls get. The below 4 hour gold chart once again illustrates the expected resistance at around $1985.
My expectation is that a quick move to $2010 would proceed bull’s success at cracking $1985 to the upside.
As for Bitcoin (daily chart below); what doesn’t go down must go up?
Although I still think a breach to the downside if the box would lead price to fall back to the uptrend line and 200 day MA, selling momentum seems exhausted and bears are thus far failing to knock it down.
Have a great weekend.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.
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