Gold Technical Analysis for July 29, 2011


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The gold markets fell on Thursday, as traders unwound some of their positions in what is an obviously overbought condition in the gold markets. The markets fell, but they did in fact find support at $1,600. We feel that the level should be support for the near future, and as a result this market will have trouble falling any significant amount. Once a deal is struck in DC on the debt limit talks, this market will more than likely have a sharp knee-jerk reaction selloff, which should only serve as another buying opportunity.

Originally posted here

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Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.