Are Gold and Bitcoin no longer friends?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
This is a brief educational post.

See the parting of ways between Gold and BItcoin .

We won't know if this means anything. But it's one to watch. This could be a short term separation.

Stay safe. Don't burn cash. Avoid FOMO. Have a good weekend. 👍😃🙏
Comment: Where we are now. The technical picture emerging is that Bitcoin is following closely the S&P500. There may be fundamentals that explain all this. Technical analysts are naturally focused on where the sentiment of the markets is heading. Note carefully that correlations or lack of, do not have to continue forever. Things can change very suddenly.
Tip of the day: if you're shorting anything do it at the peak of something to minimise risk of being scalloped. [Different perspective on the virus ]


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