DailyMarketUpdate

What about Gold? πŸ‘€

COMEX:GC1!   Gold Futures
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 Bullsβ€˜ optimism in check – for now.

Happy trading! ✌️

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