Gold bulls in the grinder - stocks perk up with Bitcoin. Opportunity lurking?

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 78%

مصر أخبار أخبار

مصر أحدث الأخبار,مصر عناوين

Gold bulls in the grinder - stocks perk up with Bitcoin. Opportunity lurking?

Although gold breached the bottom of the channel I showed yesterday and did go on to print yet another low at $1,890 spot, the trade opportunity I pointed out – that is, a return to the top of the range, lives on. Price is fighting to stay in the clearly defined channel, as shown in the daily chart below; in fact, yesterday’s daily reversal candle adds a little weight to the trade probability, in my opinion.

While I am still looking for more concrete signs that a bottom that could lead to a sustained move back up is in for the metals , as a nimble trader, I remain very open-minded to engaging in short-term opportunities. Am I wrong about the S&P filling the open downside gap I have been showing? Certainly, the market has been proving me wrong thus far. In hindsight, it is clear that no significant drop was likely ahead of Independence Day weekend, of course . That said, contrary to some raging bears out there, I would be in no rush to short this market with any serious conviction.

And to finally, the weekly Bitcoin chart, presented without commentary, only a question; how does the below look bearish?Follow J_GidaroDasilva jdasilva@kitco.com www.kitco.com

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 13. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Kitco daily macro-economic/business digest - June 28
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Kitco daily macro-economic/business digest - June 29
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »

Gold stocks to watch following the failed insurrection in RussiaKitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
مصدر: KitcoNewsNOW - 🏆 13. / 78 اقرأ أكثر »