With the cryptocurrency alt market seeing a bullish rally and positive sentiment, I see strong upside for ZRX for many reasons: a bottom was created, larger buy volume coming in, a larger uptrend, and the break above the 50 day moving average after the tightening of bbands. Volatility is coming into the crypto market currently and with ZRX having a USD trading...
Gold is looking to retrace back to around the $1300 psychological level. This is right around the .786 fib level of the current move. Gold is still in an uptrend overall, and may just be in some need for slight consolidation. Also, with the dollar index showing slight signs of strength, this may push the gold price slightly lower.
I believe gold will retrace to the next fibonacci level, and may possibly bounce from there or retrace further to the .5. a small dead cat bounce was observed directly off of the first fibonacci level, with strong sell volume present.
