🥇Gold is falling in price and trading near the psychological level of 4000.

I think that the correction is not over and the price may dive to around 3700-3750. 

This is where the 0.618 Fibonacci zone is located, and this is where the last rally began. The mining ETF, where the price is already down 15%, also signals the weakness of the asset. An alternative scenario would be for the price to rise above 4200, in which case we can expect a new HIGH. 

But in the long term, I believe that gold could easily rise to 5000. Considering inflation and the upcoming money printing in 2027, this is a perfectly achievable goal. Gold has a statistically strong period ahead of it, as December and January are historically strong months, since during this period many countries and companies sign contracts for the supply of metal for the next year, pushing prices up. But first, it is quite likely that the price may unload investors who are stuck in the high range, and only then continue to grow from the levels I mentioned earlier.

By the way, I came across an interesting infographic that shows what will happen to the price of Bitcoin if gold's market capitalization flows into it.

If BTC can absorb 1 to 5% of gold's market capitalization, it could mark the beginning of a crazy rally for our beloved Bitcoin.

1% = ~$134,270

2% = ~$161,300

3% = ~$188,330

4% = ~$215,360

5% = ~$242,391

If you prefer gold 🔥 

If you think Bitcoin has more potential 👍 #Gold #BTC