Gold Analysis 11/11
The long position opened at the 4027 support level the day before yesterday can now have its stop-loss moved up to around the entry price, or set at 4013—if the price falls below this level, exit without hesitation. The first target is 4146; if it rallies further, look to 4200.
Commentary: Gold’s recent price action is increasingly resembling $BTC ’s, with the two becoming safe-haven heavyweights. But discipline comes first: a clearly defined stop-loss matters more than getting the direction right. If precious metals continue to strengthen, they may also draw some safe-haven funds away from the crypto market.
#BTC #Crypto
The long position opened at the 4027 support level the day before yesterday can now have its stop-loss moved up to around the entry price, or set at 4013—if the price falls below this level, exit without hesitation. The first target is 4146; if it rallies further, look to 4200.
Commentary: Gold’s recent price action is increasingly resembling $BTC ’s, with the two becoming safe-haven heavyweights. But discipline comes first: a clearly defined stop-loss matters more than getting the direction right. If precious metals continue to strengthen, they may also draw some safe-haven funds away from the crypto market.
#BTC #Crypto
