Analyst Michael Van Pob says that a decrease in the price of gold may lead to an increase in encryption

The highest encryption analyst Michael van de Bobby Determine the Gold Market as the main graph to see this week. It warns that the short -term landmark of gold can lead to a significant shift in investor morale, which is likely to redirect liquidity away from the traditional assets of “risks” such as gold and in “risks” such as cryptocurrencies.

The sudden decline of gold indicates a potential landmark

According to The Daily Gold Spot Chart, Gold witnessed a strong performance at the beginning of last week. On Monday, June 2, the price was closed at $ 3,381.50, and gained 2.37 % in one day. However, starting from Tuesday, June 3, the market began to show signs of weakness. By the end of Friday, June 6, gold decreased to $ 3,309.998, representing a 2.21 % decrease from the closure of Monday. It is worth noting, in the last two days only of the week, the price of gold decreased by 1.92 %, which increased the interests of the short -term downward trend.

Van De Poppe highlights this movement in a modern post, indicating that the decline in the late week may confirm the beginning of a wider drop in the short term.

Gold investors may turn to encryption

the The analyst indicates This continuous weakness in gold can push investors to re -customize capital towards assets. In the market scene today, the encryption has increasingly has become the preferred choice for such investments. The decrease in gold prices often reflect the low demand for safe assets, prompting investors to search for higher returns in more volatile sectors such as digital assets.

A potential catalyst behind the direction of the declining gold

While the exact cause of the recent gold decline is still unclear, analysts, including Van De Poppe, are suspected that it may be associated with speculation about driving changes in the American Federal Reserve. Reports indicate that the White House, during the era of President Donald Trump, may consider replacing the President of the Federal Reserve Jerome Powell with former Federal Reserve Governor Kevin Warb. If this is true, this development may have wide effects on market morale and monetary policy, which indirectly affects gold prices.

Gold price expectations: critical levels of viewing

Van De Poppe expects that if gold fails to restore $ 3,365 in the short term, the market may face an additional decrease from 4 % to 10 % over the next few weeks. On the contrary, the strong bounce above this level can open the door to all levels of yellow minerals.

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The encryption market shows signs of strength

While the broader cryptocurrency market witnessed a 4 % decrease earlier in the week, it recovered by the end of the week. Friday, the market recorded a profit of 2.49 %. During the weekend, the total maximum Crypto market increased from $ 3.21 trillion to $ 3.26 trillion, reflecting a 1.59 % increase. This indicates that some investors may already re -customize money from gold to encrypted currencies in response to market transformations.

Conclusion: A pivotal moment of gold and encryption

Since uncertainty waving the leadership of the Federal Reserve and the conditions of the macroeconomic economy remains volatile, both the gold and encryption markets at a turning point. If gold continues in the landmark, the cryptocurrencies may benefit from increased flows. Investors and analysts alike will monitor the price procedure this week to assess whether this rotation acquires more momentum.