Gold Forecast: Potential Drop Ahead?
Bitcoin broke the level of 25200. So, the asset is heading up. The asset’s price might gain the required support at the very important levels 25200 and 21400, pull and jump. Time will tell how soon this is about to happen.
Gold has tested the resistance area formed between the levels 1976 and 2000. The asset is likely to pull back and drop to the level of 1850. It would be wise to follow the candlestick formations next to this area as gold might break these levels and jump as well.
The British pound is heading up. The asset broke the wedge. Hence, the asset’s price might retest the broken side although it is likely to target the resistance at the level of 1.2450 soon. So, let’s wait and see what is going to happen next.
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