Despite the fluctuating course in the markets, the gold price is struggling to find direction. On the other hand, gold is at a critical level against the dollar.
Gold and Bitcoin traders are eagerly awaiting the outcome of the Federal Open Market Committee (FOMC) meeting before placing bets on the new direction.
Gold slumped on Friday despite treasury yields falling as the dollar rose. However, the third week also closed with a rise.
We are looking at the gold and Bitcoin charts of the week. Thus, we will try to make some important inferences with before and after.
JPMorgan recommends cutting stocks and holding gold. Marko Kolanovic draws attention to the next moves of the Fed…
While gold was trying to protect its position, Bitcoin lost its support at $27,000. Now the focus of investors is the Fed Minutes.
FED minutes will be the focus of gold and Bitcoin investors, as they will provide clues to the Fed’s outlook.
Gold bulls are coming in, according to the gold analyst. Crypto analyst, on the other hand, says that Bitcoin bears are in an advantageous position.
According to the analyst, the gold price is in an uptrend. So, on the front of the bullish trend, the bulls are seeing all-time highs.
US inflation data, which is likely to affect the markets, is coming today. All eyes on the crypto and gold market will be on this data
