Monday, July 4, 2022

Bitcoin and Gold: Potential Drop Ahead?

Bitcoin keeps moving along the broken neckline of the inverted head and shoulders pattern. Currently, the asset is testing the supporting level of 19000. Bitcoin is likely to undergo correction soon. Of course, it can also slightly drop and gain the required support at the level of 18000.Gold has pulled from the supporting level of 1785 and closed above the level of 1800. In this case, gold might jump, targeting the downtrend, although it is noteworthy that gold might potentially break the downtrend and head up.Oil is undergoing a correction and heading down. It is likely to drop to the level of 100 next week, and then only jump.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/bitcoin-and-gold-potential-drop-ahead"
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