Buy Gold? Veteran Trader Calls To Buy Gold As Bitcoin Remains Under Pressure

Also Read: Bitcoin Price Holds $29k Support: Is BTC Sweeping $25k Lows After FOMC?

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Gold Set To Outperform Bitcoin?

Peter Brandt, a veteran trader offered a recommendation for investors who have exposure to Gold (XAU). Gold Spot is trading at an average price of $1960, at the press time. XAU price is up 0.27% in the last 24 hours.

Brandt highlighted that Gold which is trading at around the $1970 price level is set to breach the $2100 price level. He expects the Gold price to hit $2189. The veteran added that since September 2020 XAU has been forming a right angled broadening triangle.

As per the veteran, the Gold price linked chart from Edwards & Mage confirms an explosive upside for the precious metal. However, huge volume remains crucial to confirm the bullishness for Gold.

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bitcoin vs gold news

He stated that this is the most important Xeet (Tweet) that he has ever shared. However, he mentioned “Matt 7:6” which refers to a Bible verse from Matthew 7:6. The verse says that “Do not give dogs what is sacred; do not throw your pearls to pigs. If you do, they may trample them under their feet, and turn and tear you to pieces.” Read More Bitcoin Vs Gold News Here…

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