Gold broke out of it is up channel. However, it is still in the bull regression channel. If it can hold support in the current price level, it may be ready for a big bounce. Otherwise, it will fall down to the next major support line.
Note
This is not goodNote
I see that bitcoin is holding firm this morning but both Gold and Silver have fallen hard. I wonder if the market paly is shift to metals when bitcoin is weak and then shift back to bitcoin when it shows a strong rebound.Note
bitcoin
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.