TheTechnicalRoom

Time for a Bounce?

MOEX:GOLD1!   None
142 0 0
Looking at the technicals, gold             is still in a downtrend, but we could get a bounce near the $1200 range, seeing the markets are at all-time highs and there has not been a correction in a while. Technicians always follow price so even though gold             may regain its shine, it is better to wait for a bounce and see if the downtrend will break. I don’t know about you, but with everyone hating gold             right now it is tempting to stash some in my basement. If there is some sort of Black Swan event, where do you think people will stash their money, in gold             or Bitcoin?
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