Gold Is Bottoming Out. Why You Shouldn’t Buy It Yet.

Even though golden whitethorn person been replaced, astatine slightest temporarily, by Bitcoin arsenic an ostentation hedge, it appears to beryllium bottoming out—finally. But according to the charts, it’s not yet clip to bargain the precious metal.

The play illustration shows that golden broke retired of a three-year basal successful June 2019. From its breakout, it surged 50% to its $2,075-an-ounce highest successful August 2020. From that point, bullion declined to $1,680 successful March.

But...