Gold Tumbles Below $1800, Tests Critical Technical Support

Gold Tumbles Below $1800, Tests Critical Technical Support

Tyler Durden

Tue, 11/24/2020 – 09:52

As Crypto soars, non-digital-gold is plunging, with futures breaking below $1800 for the first time since July. Since the election and vaccine news, gold futures have crashed from $1960 to $1798…

The big question is, will gold find support at its 200DMA, or is this a systemic breakdown that ignores the future deficit-spending collapse of credibility in the global reserve currency?

As it appears – for now – that digital gold is preferable to real gold…

Is Benoit back?

 

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Author: Tyler Durden

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