Gold and Bitcoin are both working their way towards and through ‘Big Number’ resistance in the form of the $2,000 and $11,000 price tags.
Bitcoin’s week-long rally has turned points of resistance at $10,623 and $10,464 into support levels and target price $11,500 looks possible.
Equity index metrics indicate short-term selling pressure which would go hand in hand with profit taking as the weekend approaches.
Instrument | Hourly | Daily | |
GBP/USD | 1.2982 | Strong Buy | Neutral |
EUR/USD | 1.1858 | Strong Buy | Strong Buy |
FTSE 100 | 6,022 | Strong Sell | Neutral |
S&P 500 | 3,358 | Strong Sell | Neutral |
Gold | 1,958 | Strong Buy | Strong Buy |
Silver | 27.35 | Strong Buy | Strong Buy |
Crude Oil WTI | 41.01 | Neutral | Strong Buy |
Bitcoin | 10,909 | Buy | Strong Buy |
Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.
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