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! ✌️