Gold have finished the first week bearish

Hello friends,

First week of the year 2021 is done, and Futures of Gold for February 21 did not maintain over the 1900 USD, all the contrary it finished the week with a bearish rally (again). Gold closed the week on 1849.90 USD after it was showing a possible changing of tendency when it hits over 1900 USD just a begging of the year.

We can see weekly candless with high probably bearish continuation. So maybe we will see a descendant way for Gold during the coming week.

It is amazing how contrasting is the recent BTC rally comparing to Gold. BTC hit over 40000 USD during the first week of January. Could be that big money is going to BTC instead of Gold?

We should suppose that Gold would follow BTC, but surprisely it continues showing a bearish way.

In the meant time, lets see how will be the coming week for Gold!