🚨 Caution: Don’t Get Trapped by This Gold Rally – ATH Is Not Coming Yet!
Hello everyone, I want to share my personal view regarding the current movement in gold. Please be cautious — this short rally could be a classic bull trap. In my opinion, we are still not in the accumulation phase, or if it has started, gold must still revisit the 3168 level before any meaningful upside.
What we’re seeing right now appears to be more of an Smart Money play to trap institutional and retail traders like us into premature buying. Based on my analysis, gold still has room to drop, and I expect to see it test the 3100 and possibly 3050 levels.
Once again, I personally believe this is a false breakout intended to lure in buyers. Smart money hasn’t truly begun accumulation yet. And if they have, they’ll likely need to break below 3120 to trap institutional shorts before any genuine move to the upside.
Gold is not as simple as it seems. Stay sharp.
Hello everyone, I want to share my personal view regarding the current movement in gold. Please be cautious — this short rally could be a classic bull trap. In my opinion, we are still not in the accumulation phase, or if it has started, gold must still revisit the 3168 level before any meaningful upside.
What we’re seeing right now appears to be more of an Smart Money play to trap institutional and retail traders like us into premature buying. Based on my analysis, gold still has room to drop, and I expect to see it test the 3100 and possibly 3050 levels.
Once again, I personally believe this is a false breakout intended to lure in buyers. Smart money hasn’t truly begun accumulation yet. And if they have, they’ll likely need to break below 3120 to trap institutional shorts before any genuine move to the upside.
Gold is not as simple as it seems. Stay sharp.
Note
📉 Gold Outlook Update – Further Downside Expected Before Any Major ReversalSince my last post, gold has already dropped 300 pips, and in my view, there’s still another 400 to 500 pips of downside potential remaining. After that, we may see some consolidation or a pullback, followed by another possible drop of 700 to 800 pips.
However, we should also consider an alternative scenario: this could be a smart money move — a controlled dip designed to create confusion among institutional traders. Gold might drop 500 to 700 pips to give the illusion of a strong sell-off, only for smart money to accumulate in a hidden demand zone and then trigger a sharp pump.
So, when will we get confirmation of a true reversal and potential new highs?
Only once gold breaks above 3266 with strong volume can we confidently expect a move toward a new all-time high, possibly even reaching 4000.
Until then, trade cautiously and keep your eyes on the volume and key levels.
Note
As I previously mentioned, the market has already dropped 1000 pips, and gold has tested the 3168 level again. At this point, it's important to closely observe the price action of gold. The area from where gold recently bounced must now reclaim its previous lows. We can consider taking a buy position around the 3145–3150 zone, with a tight stop-loss, but only if those lows are first reclaimed.However, if gold breaks below the 3168 level and sustains that move downward, then—as I explained before the market opened—this indicates the continuation of the move that has already resulted in a 1000-pip drop. In that case, we should expect gold to potentially test the 3100–3050 range, and possibly even 2950, as in my view, accumulation has not yet begun.
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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.