Gold's price cleared its 200 day moving average on 03 December 2018 and has been in an uptrend ever since. The 200 MA has risen steadily since that crossing.
The 50 day moving average has acted as support throughout 2019 & 2020 ie. May 2019, March 2020 and just this November 2020.
Gold looks primed now for another leg up and continue on it's bullish path to record highs V $USD. Bitcoin is grabbing all the headlines lately and we are bullish on both. Once Bitcoin pushes through the $20k barrier and beyond, some re-balancing could be in order. The little bird on the wire is getting ready for takeoff.
The 50 day moving average has acted as support throughout 2019 & 2020 ie. May 2019, March 2020 and just this November 2020.
Gold looks primed now for another leg up and continue on it's bullish path to record highs V $USD. Bitcoin is grabbing all the headlines lately and we are bullish on both. Once Bitcoin pushes through the $20k barrier and beyond, some re-balancing could be in order. The little bird on the wire is getting ready for takeoff.