Election Week Analysis: Volatility in Gold, Bitcoin, and USD Trends
The financial markets are watching Gold, Bitcoin, and US dollar movements closely before the November 5 presidential election. October’s employment report showed only 12,000 new jobs instead of the expected 106,000, and the unemployment rate stayed at 4.1%. These mixed signals have caused sharp price movements across key assets. Also Read: 750 Convenience Stores in the US Accept Cryptocurrencies & Stablecoins Market Volatility During Election Week: Gold, Bitcoin, and USD Insights Gold Technical Patterns Signal Correction Gold has hit resistance at $2,790. Technical signs show a likely price correction coming. Gold moves inside an ascending channel. The support level sits at $2,690. The price pulled back from high levels after Friday’s jobs report. RSI readings suggest the metal is oversold. The channel pattern remains strong, indicating a key time for watching the gold trends. Also Read: How High Bitcoin(BTC) May Pump If Trump Wins The US Elections? Bitcoin’s Price Act...