Gold breaks down out of rally, but is it buy the dip?

Updated

Gold broke out of it is up channel. However, it is still in the bull regression channel. If it can hold support in the current price level, it may be ready for a big bounce. Otherwise, it will fall down to the next major support line.

Note

This is not good

Note

I see that bitcoin is holding firm this morning but both Gold and Silver have fallen hard. I wonder if the market paly is shift to metals when bitcoin is weak and then shift back to bitcoin when it shows a strong rebound.

Note

bitcoin

Dr_Roboto

Related publications

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.