Bitcoin Leads, Gold Follows: Why the Next Big Move Could Be Now

Kitco08-28 00:41

(Kitco Commentary) - The three-river evening star candlestick pattern we discussed throughout the week completed yesterday with a $68 decline. However, we did not receive the confirmation needed to ...

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However, we did not receive the confirmation needed to ...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-08-27/bitcoin-leads-gold-follows-why-next-big-move-could-be-now\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Leads, Gold Follows: Why the Next Big Move Could Be Now</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Leads, Gold Follows: Why the Next Big Move Could Be Now\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-28 00:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/opinion/2026-08-27/bitcoin-leads-gold-follows-why-next-big-move-could-be-now><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco Commentary) - The three-river evening star candlestick pattern we discussed throughout the week completed yesterday with a $68 decline. However, we did not receive the confirmation needed to ...</p>\n\n<a href=\"https://www.kitco.com/opinion/2026-08-27/bitcoin-leads-gold-follows-why-next-big-move-could-be-now\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PICK","symbol_name":"iShares MSCI Global Metals & Mining Producers ETF","start_time":0,"source_url":"https://www.kitco.com/opinion/2026-08-27/bitcoin-leads-gold-follows-why-next-big-move-could-be-now","article_id":"2662032793","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/opinion/2026-08-27/bitcoin-leads-gold-follows-why-next-big-move-could-be-now","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2662032793","pubTimestamp":1787848860,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":" - The three-river evening star candlestick pattern we discussed throughout the week completed yesterday with a $68 decline. However, we did not receive the confirmation needed to act on this bearish signal — and more importantly, gold has managed to hold above the 200-day moving average, which is precisely the level we identified as a potential floor.We didn't fully believe that Tuesday's high marked the top, and we still don't. The pullback to lower prices has very likely already run its course, and the time to buy may be right now — or even better at any of the earlier entry points we outlined over the past few weeks.For traders seeking minimal risk exposure, a prudent approach is to wait for gold to break back above $4,692 — the 0.382 Fibonacci retracement level — before entering from the long side.Bitcoin and Solana have returned to full rally mode today. 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However, we did not receive the confirmation needed to act on this bearish signal — and more importantly, gold has managed to hold above the 200-day moving average, which is precisely the level we identified as a potential floor.We didn't fully believe that Tuesday's high marked the top, and we still don't. The pullback to lower prices has very likely already run its course, and the time to buy may be right now — or even better at any of the earlier entry points we outlined over the past few weeks.For traders seeking minimal risk exposure, a prudent approach is to wait for gold to break back above $4,692 — the 0.382 Fibonacci retracement level — before entering from the long side.Bitcoin and Solana have returned to full rally mode today. SOL surged approximately 7.5%, while BTC crossed above $80,000 for the first time in over 100 days and appears poised to reclaim price levels not seen in more than eight months.What does this mean for gold and silver? Both assets have been advancing for the same fundamental reasons. The lower margin requirements, easier leverage, and 24-hour fast-paced nature of cryptocurrency markets allow Bitcoin to react far more quickly than the precious metals — which I believe will follow suit. Crypto is essentially leading the charge; gold and silver are right behind.Both asset classes are running up on the Treasuries, the canary in the coal mine. The Fed is essentially enacting a “sneaky” form of yield control, and we all just learned they have none at all- control, that is. Why is this important? First, ask yourself: why did they do that? Hint: The US Government debt crossed the $40 trillion mark on the very same day. Coincidence, I think not.My next target in Bitcoin is $84,000. In gold futures, the first upside target is $4,692, with a strong possibility of reaching $4,900 within the next 30 to 60 days. Silver futures must first clear the 23.6% Fibonacci retracement level near $70.55.Silver has been the laggard among these assets — but it won't stay that way for long. When it moves, it has a habit of making everything else look slow. It's getting ready to play \"Catch Me If You Can,\" and trust me, it will make Leonardo DiCaprio look like a novice.Only time will tell. Don't forget the calls we've made — and remember them when they come to fruition, for more actionable forecasts simply head to – www.thegoldforecast.comWishing you, as always, good trading.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.48.0","shortVersion":"4.48.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2662032793","isCrawlerRequest":true}