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.