Gold just lost 17% — and the dip buyers are nowhere.
XAU/USD crashed through Election Day and is now hovering near 3,950, barely holding Monday's gains on US-Iran deal hopes. Commerzbank says the selloff is overdone. StoneX warns the multi-year uptrend is on the line. Same tape, different asset: $BTC is leaning hard on its 200-day EMA.
Trader's map: gold needs to reclaim 3,975 to prove the bounce is real. Lose 3,900 and the slide extends. For $BTC, the 200-day EMA is the line — hold it and dip buyers reload, break it and liquidity hunts lower.
Which bounces first: gold or $BTC?
#Gold #XAUUSD #Bitcoin
XAU/USD crashed through Election Day and is now hovering near 3,950, barely holding Monday's gains on US-Iran deal hopes. Commerzbank says the selloff is overdone. StoneX warns the multi-year uptrend is on the line. Same tape, different asset: $BTC is leaning hard on its 200-day EMA.
Trader's map: gold needs to reclaim 3,975 to prove the bounce is real. Lose 3,900 and the slide extends. For $BTC, the 200-day EMA is the line — hold it and dip buyers reload, break it and liquidity hunts lower.
Which bounces first: gold or $BTC?
#Gold #XAUUSD #Bitcoin
