Coffee futures hit a 12-year low, breaking below $1 per pound for the first time since August 2006.
Best chart for this week...@TSLA
This chart compare between what happened to Gold in over 30 years with Bitcoin in the less that 12 months. It try to convince people that Bitcoin is the Gold of the near future. It depend on technical analysis principle that say "What happen in the past will happen again in the future".
For me comparing Bitcoin to Gold is like a joke. Their is no comparison between both from a history point. So, Bitcoin will behave as Bitcoin and Gold will always be Gold.
Gold Prices gain volatility by the middle of each month. So, get ready for a big move..Since April 2018, Gold move under its Keltner Buy line.By the middle of each month Gold gain volatility and ATR% jump above 150%, after that the bearish trend continue.At August 2018 Keltner channel gave a buy signal for Gold, which move now above Keltner Channel Sell line..If the volatilty cycle repeat its self this month then we should expect a new volatility jump to come at the near future.
USDCAD momentum oscillator give a sell signal by crossing the zero line to the downside.