Bitcoin price is up 30% versus Ethereum (ETH) in 2023, and bulls appear not to be slowing down, looking at the performance in the weekly chart. BTC is on the…
Gold Price Forecast: Downtrend Remains, but Looks like a Bull Flag - Levels for XAU/USD Advertisement
Gold prices remain in their multi-month downtrend, but budding bullish momentum on the daily timeframe necessitates other considerations, like a breakout to all-time highs in 2021.
Gold prices are trading between the 23.6% and 38.2% Fibonacci retracements of the 2020 low/high range at between 1836.97 and 1928.05.
According to theIG Client Sentiment Index, gold prices have a bearish outlook.
Gold Price Action Stabilizes
Gold prices have had a rocky week, thanks in part to the bevy of headlines over the weekend regarding Brexit and a US fiscal stimulus deal. Even as a Brexit deal has come in and out of reach in the past 72-hours, and outgoing US President Donald Trump has threated to veto the US fiscal stimulus deal, traders seem unconcerned. Perhaps it is the fatigue of 2020, or simply the end of the year, but markets lack a certain ‘zest’ ahead of Christ