Gold Might Head North Soon
Gold broke the resistance at the level of 1735.00 and a very strong downtrend denoted by the blue line on the monthly timeframe. Currently, the asset’s price is trying to pull back to the broken trendlines. However, gold is likely to pull from the broken level and downtrend and jump. So, let’s observe what will happen next.
After the last deep dive, Bitcoin is moving around the level of 16500. The price of Bitcoin might drop to the supporting level of 13880 or even to the level of 12500. Bitcoin might potentially pull away from these levels and target the level of 20000 next.
American stock index S&P 500 is heading up. The asset has closely approached the crossing point of the downtrend denoted by the blue line on the chart below and the broken uptrend formed between points 1 and 2. The index is likely to pull from the crossing point of these trendlines and drop to the level of 3900.00.
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