Famous Investor Announces Gold and Bitcoin Goals: No Stopping!

Gold prices have risen to record levels this year. On the other hand, Bitcoin climbed to an all-time high. Even though gold and Bitcoin prices are declining, they still have a long way to go, according to many analysts and investors. Katie Stockton, Founder and Managing Partner of Fairlead Strategies, says investors should be prepared for more volatile and variable processes in the second half of the year. Additionally, it points out the key indicators to monitor.

The critical indicator behind the predictions!

The critical indicator behind Katie Stockton’s assumptions is the widespread sign of exhaustion in equity markets, particularly the Nasdaq 100. “There are signs of exhaustion upstream that we are keeping an eye on,” Stockton said. This doesn’t mean you have to reduce risks across the province as well. “But we recommend our clients consider short-term market hedges from a top-down perspective to manage risk through a pullback.” she says.

Gold price predictions

cryptokoin.com As you follow from , gold reached its all-time high in May, exceeding $2,400. The shiny metal then lost altitude. Gold has been trading below $2,375 for the last two weeks. Stockton shares the following assessment:

We have seen the old resistance broken; For those watching, that resistance was around $2,063. And we quickly saw an upside follow-through. That’s what you want to see. You want to see adequate follow-up following a breakout.

The current pullback is natural, given the overbought territory. “And that’s not just gold; it’s also true for metals in general, like silver and copper,” Stockton says. Stockton’s price target for gold is $2.515. “That’s definitely not a stop, but it’s certainly a reasonable target for us,” he says.

Bitcoin’s goal

Bitcoin has fallen by about 7% since the Federal Reserve announced it was holding interest rates steady and has only hinted at one rate cut this year. Stockton also noted Bitcoin’s correlation with the Nasdaq 100, which he said points to a new direction for prices. Stockton’s Bitcoin target is around $81,000, following a run of record highs above $70,000 in early June.

The famous investor also determines red flag levels for gold and Bitcoin. He talks about the measures he will take if both assets fall below these levels.