Home The Taylor Report-Bitcoin vs Gold vs Ethereum GOLD Sinks on Stronger Dollar; BITCOIN Holds Gains Over the Weekend. Next...

GOLD Sinks on Stronger Dollar; BITCOIN Holds Gains Over the Weekend. Next Leg Up? (4/30/18)

Bitcoin Gold

FintekNews compares the price of Bitcoin, Gold & Major Market Averages on a daily basis, and uses the Chicago Mercantile Exchange’s (CME) bitcoin indexes (BRR & BRTI) for bitcoin pricing.

4/30/18 Closing Prices:

Bitcoin:  $9,265.07  (+$33.95) (from Friday’s close)
Gold:  $1,317  (-$7) (from Friday’s close)
Dow Jones Industrials:  24,163.15  (-148.04)
S&P 500:  2,648.05  (-21.86)

Nasdaq Composite:  7,066.27  (-53.33)

CME CF Bitcoin Reference Rate & CME CF Bitcoin Real Time Index

Trading Summary Notes for Monday, 4/30/2018

  • Strong gains just before the weekend held for BITCOIN over the weekend
  • Pushing above $9,500 will set the next target at $12,000-$12,500
  • Momentum seems to be building again for a another leg up
  • U.S. Dollar strength pushes GOLD down into support area…….$1,315-$1,320
  • Geopolitical fears (Mideast) and lurking inflation will ‘trump’ interest rates and dollar strength………at some point
  • GOLD gets major endorsement from DoubleLine CEO Jeff Gundlach
  • Looking for GOLD to move to $1,395-$1,400
  • 2018 TOP PICKS……LONG BITCOIN AND GOLD

CURRENT TRADING POSITION:  Long BITCOIN & GOLD