24 Dec Gold, Dow, & Bitcoin – Charts to Watch
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GOLD, DOW & BITCOIN CHARTS HINT AT BREAKOUT POTENTIAL HEADED INTO 2020
- Gold prices (XAU/USD) could be showing preliminary signs that the precious metal is resuming its rally subsequent to its 4-month long consolidation
- The Dow Jones Industrial Average (DJIA) has already embarked on its topside breakout and the major US equity index has potential to continue churning higher into the new year
- The price of Bitcoin (BTC/USD) is beginning to rebound from its recent selloff as the cryptocurrency gains upward momentum after bouncing off a key technical level
Various asset classes are on pace to notch impressive gains for 2019 with spot Gold, the Dow and Bitcoin prices surging 17%, 22% and 90% respectively year-to-date. More recently, upward momentum has begun to pick up for the aforementioned commodity, equity index and cryptocurrency.
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