$XAU
Does gold rally when Bitcoin tumbles? Plenty of people seem to think so
However, having reviewed weekly data over several years alongside Bitcoin’s key peaks since 2023, that premise held true in merely three out of eight instances
In most cases, XAU actually declined alongside BTC initially, only staging a notable move upwards once Bitcoin had formed a bottom
$BTC
When Bitcoin drops by 15% or more in a single week, gold advances on only a handful of occasions
Furthermore, sharp spikes in gold’s trading volume frequently coincide with Bitcoin reaching record highs, and gold’s major rallies have sometimes unfolded precisely as Bitcoin hovered at its peaks
The genuine signal is certainly not 'Bitcoin falls → buy gold.' Rather, it is Bitcoin stabilizing following a sell-off, coupled with pressure on gold’s price and a volume surge alongside a green candle
Lastly, following rapid surges, a substantial portion of those gains is often retraced within a few short weeks
$XAUT
This does not constitute financial advice
#GOLD_UPDATE #bitcoin #Market_Update
Does gold rally when Bitcoin tumbles? Plenty of people seem to think so
However, having reviewed weekly data over several years alongside Bitcoin’s key peaks since 2023, that premise held true in merely three out of eight instances
In most cases, XAU actually declined alongside BTC initially, only staging a notable move upwards once Bitcoin had formed a bottom
$BTC
When Bitcoin drops by 15% or more in a single week, gold advances on only a handful of occasions
Furthermore, sharp spikes in gold’s trading volume frequently coincide with Bitcoin reaching record highs, and gold’s major rallies have sometimes unfolded precisely as Bitcoin hovered at its peaks
The genuine signal is certainly not 'Bitcoin falls → buy gold.' Rather, it is Bitcoin stabilizing following a sell-off, coupled with pressure on gold’s price and a volume surge alongside a green candle
Lastly, following rapid surges, a substantial portion of those gains is often retraced within a few short weeks
$XAUT
This does not constitute financial advice
#GOLD_UPDATE #bitcoin #Market_Update
