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Bitcoin Crashes; EUR/USD And Gold Go Up

Published 09/06/2018, 04:35 AM
EUR/USD
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XAU/USD
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GC
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BTC/USD
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EUR/USD created an inverse head and shoulders pattern on a super important horizontal support. The buy signal is on as we already broke the neckline of this formation. Currently, the price stopped on a mid-term resistance but it looks like this one will be broken soon.


Gold is breaking the upper line of the flag formation. That pattern is promoting a further upswing. As for now, we are below the 23.6 % Fibo but with today's breakout we do have high chances to come back above that level.


Bitcoin experienced a huge drop yesterday. Thursday is not any better though. In two days, this crypto erased the two weeks of an upswing. The sentiment is negative ans we should soon see the price on the long-term support around 5800 USD.

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