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Gold, bitcoin bias turning bullish as price and momentum signals combine
Gold and bitcoin are not particularly correlated with any market right now, suggesting increased emphasis should be put on price signals when assessing trade setups in the week ahead. Having broken minor downtrends on Friday with gusto, the bias for both is higher near-term. Gold, bitcoin not influenced by macro environment The correlation analysis below tracking the rolling 20-day relationship with a variety of market variables shows both gold (LHS) and bitcoin (RHS) have been doing their own thing recently, showing little to no relationship with the US dollar, real or nominal US bond yields, US inflation ... (full story)
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- Posted: Oct 13, 2024 8:42pm
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 309
