It has however dipped since then and is now trading around $1,860. Over the next week, it gradually trended upwards past $1,870 by November 16. By November 4 it jumped to around $1,790, by November 6, $1,820, and by November 10 as high as $1,868. Trading around $1,760 on November 3, the price of gold has nearly only increased since then. Gold has had an overall prosperous month of November. “This is roughly where it found strong support at the end of October and given how much it’s struggled to make major strides higher since, it could be the catalyst for a deeper correction.” “The next key support level is 58,000, but I think it gets bought up here, and demand driven prices will begin to play out to the upside.” However, a correction could get severe if it fell through $58,000, according to Craig Erlam, senior market analyst at online broker Oanda. “The fall below 60,000, puts (Bitcoin) below the 62,000 support level, slightly into the ‘short term’ bearish zone,” said Defiance ETFS CIO Sylvia Jablonski. It is currently trading just below $59,000. Although a bump brought it to $66,500 by November 15, it proceeded to tumble, falling below $60,000 for the first time this month on November 16. However, selling pressure made BTC drop from there, but it consolidated around $65,000. But on November 6 trended upward, hitting successive all-time highs on November 9 and 10. As of November 5, BTC had been trading at just above $60,000. BTCīitcoin (BTC) has had a dramatic month of November, hitting a new all-time high, but is currently down. This week’s price movements for Bitcoin (BTC), gold, and our stock pick Nvidia.
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