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CFDs on Gold (US$ / OZ)

Gold breaks down out of rally, but is it buy the dip?

By Dr_Roboto
Updated
Gold broke out of it is up channel. However, it is still in the bull regression channel. If it can hold support in the current price level, it may be ready for a big bounce. Otherwise, it will fall down to the next major support line.

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This is not good
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I see that bitcoin is holding firm this morning but both Gold and Silver have fallen hard. I wonder if the market paly is shift to metals when bitcoin is weak and then shift back to bitcoin when it shows a strong rebound.
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bitcoin
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Dr_Roboto

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