Is Crypto relieving the safe haven?
On this gold chart I have used higher time frames to try and gauge gold's larger picture as it is consistently retesting 200 EMA however will have to wait and see what happens Sunday night to look for the breakout! Gold was used as much of a safe haven throughout the pandemic, but with crypto currency's becoming all the more popular, are people reinvesting their money to something with potentially much higher future value? Either way lower highs are being created and with this we can no doubt see the bears coming into play, no matter the direction. you can expect to see a big one!
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