Gold Forecast: Potential Price Drop Ahead
The price of Bitcoin broke the local downtrend. Currently, it keeps moving within the range. The price of this asset might potentially rebound from the broken downtrend and rise to the level of 69000. On the other side, it could get back to the broken trend, drop, and test the local bottom. So, let’s observe what the next price movement of Bitcoin might be.
The price of gold has kept testing the median line for many days in a row. This area has previously served as an uptrend. Also, the price of this asset keeps interacting with this technical trendline. Currently, the asset’s price is forming a flag-like pattern. This means that the price of gold might potentially dive even deeper from the current levels, leaving the previously achieved maximum points far behind. Time will tell what might happen next.
The price of the British pound is heading down, targeting the level of 1.2320. This level offers very strong and important support. Once the price of the British pound has gained the required support, it might potentially rebound and rise inside of the range.
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