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! ✌️
