Gold Topping 3,000 May Hinge on Stocks and Bitcoin Deflation - Technical Outlook. Some combination of #deflation in US #equities and #Bitcoin may be required for #gold to stay above 3,000 an ounce, if typical round-number resistance is to be trusted. Bull markets get stretched and the metal is, suggesting the need for new fuel sources. Initial retracement support comes in around 2,500. Full report on Bloomberg here: https://blinks.bloomberg.com/news/stories/srmc69dwrgg0 {BI COMD} #commodities #metals #stockmarket #bonds #macroeconomics @BBGIntelligence