Maybe its not all a crash it go to 1630 as I expect, but I expect a big recovery at gold, more users did buy the bitcoin last time, because of corona virus, and some whales did follow the trend, we see it go now with more countries better. and expecting depend on mx effect that gold will breakdown to 1630 area or lower.
--> And exactly as gold looks to breakout, will it dump depens on mx effect.
This means good news for bitcoin!
I have done before Manny study with mx effect at btc, and all targets was working, this are the first time I try mx effect on Gold. Expecting soon the down trend.
Will update after we have breakdown.
# this is not an advice, know your risks with trading.
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They don't short gold they just take profit. That's why it drops the way it does. 90% of hedge funds are still long. When they TP it'll drop like a rock again yes, agreed. Nice chart sir.