Gold Eases Back Toward $3,000. Can Falling Crypto and Stocks Uphold New Leg Up? — TradingView News
Key points:
- Gold rally may hinge on weak stocks
- And weak crypto — repurposed BTC flows
- Some analysts go as high as $4,000 per ounce
Bullion has enjoyed tremendous returns over the past year. With the crypto corner and stock market selling off, some bulls see more room to the upside.
📈 Gold’s Bullish Outlook
- Gold prices
XAUUSD eased up on the attitude a little bit on Friday and remained calm and collected Monday morning. The bullion shifted lower by 0.7% on Friday, ending the day at $3,023 per ounce and signing off on its second drop in a row. Previously, gold was blasting off for seven consecutive days and hit an all-time high of $3,060. - It’s Monday morning and that means one thing — time for markets to start spinning the…
