Market Focus: Gold – Bitcoin
Hi traders, today we take a look at Gold and Bitcoin’s price action from their daily charts.
Gold continues to threaten a move lower but has some solid support below at this stage. We look at today’s price action and ask the question are sellers building for a continued move lower?
Bitcoin remains in the opposite direction from Gold, and for now, continues to tread water in an ascending triangle pattern. We look at the current trend and pattern and go over what we would like to see from buyers to confirm that a new breakout is underway. We also take a look at the lower levels of possible support to see if sellers start a new short term move lower.
Market Analysis Video