GOLD, DOW & BITCOIN CHARTS HINT AT BREAKOUT POTENTIAL HEADED INTO 2020Gold prices (XAU/USD) may very well be exhibiting preli
GOLD, DOW & BITCOIN CHARTS HINT AT BREAKOUT POTENTIAL HEADED INTO 2020
- Gold prices (XAU/USD) may very well be exhibiting preliminary indicators that the dear metallic is resuming its rally subsequent to its 4-month lengthy consolidation
- The Dow Jones Industrial Average (DJIA) has already launched into its topside breakout and the key US fairness index has potential to proceed churning greater into the brand new 12 months
- The price of Bitcoin (BTC/USD) is starting to rebound from its current selloff because the cryptocurrency beneficial properties upward momentum after bouncing off a key technical degree
Numerous asset lessons are on tempo to notch spectacular beneficial properties for 2019 with spot Gold, the Dow and Bitcoin costs surging 17%, 22% and 90% respectively year-to-date. Extra lately, upward momentum has begun to select up for the aforementioned commodity, fairness index and cryptocurrency.
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That mentioned, a confluence of basic and technical developments like surging world liquidity (such because the Fed’s steadiness sheet) and breakout…