Gold: Short-Term Setup: Bullish Trend, But Risk Remains
Gold is showing a potential short-term trading setup, with the bullish trend still intact.
Two days ago, it confirmed an inverse head and shoulders pattern, suggesting further upside.
However, the recent price surge appears to be unsupported by strong fundamentals.
The Trump tariff news is outdated, and the bullish movement appears driven more by market manipulation than natural developments.
Gold may rise again, as indicated on the chart.
⚠️High risk—gold could decline unexpectedly, making this setup volatile.
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❤️
Gold is showing a potential short-term trading setup, with the bullish trend still intact.
Two days ago, it confirmed an inverse head and shoulders pattern, suggesting further upside.
However, the recent price surge appears to be unsupported by strong fundamentals.
The Trump tariff news is outdated, and the bullish movement appears driven more by market manipulation than natural developments.
Gold may rise again, as indicated on the chart.
⚠️High risk—gold could decline unexpectedly, making this setup volatile.
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❤️
Trade active
📣Gold Market Update
Gold tested the neckline of the pattern in the expected bearish scenario. After hitting 3339, the price rebounded strongly and resumed its upward movement.
The overall trend remains very bullish, but these moves are largely influenced by market manipulation.
✅Key Event: U.S. Trade Tariffs
Markets are now focused on a possible trade deal with the U.S. The Trump administration has set a Wednesday deadline for countries to submit their best offers for negotiations. This will likely cause major volatility, creating uncertainty but also opportunities for traders.
For gold, this situation could strengthen the bullish momentum and bulls could take control of the price to push gold higher ahead of Trump's comments.
Note
📣GOLD - Bullish Outlook Update
Trump’s Comments on Powell and Interest Rates After the weaker-than-expected ADP data, President Trump has once again criticized Powell, blaming him for the slowing economy. He continues to highlight that the ECB has already cut rates nine times as a comparison.
In reality, the ECB has lowered rates seven times, from 4.00% to 2.25%, while the Fed has cut rates by 100 basis points.
This gave a boost to the price of gold rising from 3343.5 to 3362.6 and if Trump continues to provoke Powell more then the gold price could rise further today, as shown in the chart.
Note
Target _1 reached
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✅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
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.