GOLD remains dominated by a slight downward momentum
From our previous analysis, gold reached 3295 :)
Gold remains dominated by a slight downward momentum, considering that the conflict in the Middle East is under control. Neither Iran nor Israel has broken the ceasefire so far. This is the first day.
Gold is releasing some of the fear and panic accumulated due to the fear of further escalation.
However, we all witnessed that Gold fell at a time when the conflict became bigger.
Remember that someone else knows the news every time in advance and this is called manipulation and not a normal market development. For many people, it may seem strange, but it is what it is. We have already seen how Gold reacted irrationally and not as a safe haven asset and we have done this several times.
If Gold follows our fundamental and technical analysis, I think it has already reached a strong zone near 3337, and the chances of a resumption of the downtrend are increasing.
It can only rise above 3337 on new issues or if those who have already sold it can buy Gold again. However, we are talking about large speculative Hedge Funds and not for retail traders.
If all goes well, gold should fall as the chart shows.
Key target zones: 3285; 3250; 3210 and 3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
From our previous analysis, gold reached 3295 :)
Gold remains dominated by a slight downward momentum, considering that the conflict in the Middle East is under control. Neither Iran nor Israel has broken the ceasefire so far. This is the first day.
Gold is releasing some of the fear and panic accumulated due to the fear of further escalation.
However, we all witnessed that Gold fell at a time when the conflict became bigger.
Remember that someone else knows the news every time in advance and this is called manipulation and not a normal market development. For many people, it may seem strange, but it is what it is. We have already seen how Gold reacted irrationally and not as a safe haven asset and we have done this several times.
If Gold follows our fundamental and technical analysis, I think it has already reached a strong zone near 3337, and the chances of a resumption of the downtrend are increasing.
It can only rise above 3337 on new issues or if those who have already sold it can buy Gold again. However, we are talking about large speculative Hedge Funds and not for retail traders.
If all goes well, gold should fall as the chart shows.
Key target zones: 3285; 3250; 3210 and 3170
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Note
Previous anlaysis: Open to Check it
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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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
Related publications
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.