Gold appears to be forming a bullish flag pattern, consolidating before a potential breakout toward $3,000. Institutional shorting activity has been detected ahead of this key level, which could indicate strategic positioning or an attempt to suppress price momentum. This movement also aligns with broader macroeconomic sentiment, suggesting that Trump’s policies may be perceived as favorable for the U.S. dollar, potentially influencing gold’s price action.
The market remains in a sideways phase, awaiting further confirmation of direction.
The market remains in a sideways phase, awaiting further confirmation of direction.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.