GOLD: The bearish pattern confirmed again

GOLD: The bearish pattern is confirmed again

A few days ago I warned of an "Ascending Wedge Pattern" in GOLD, which signaled the end of the bullish wave.

We all know that gold is manipulated, but given that the price failed to rise further despite the new conflict between Iran and Israel, this was raising the chances of a bigger bearish correction.

We should remember that also the bullish wave didn't make sense during the previous month. So it shouldn't make sense at this point.

Do your analysis and trade safely.

You may watch the video for further details.
Thank you and Good Luck!

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Comment:

Previous video analysis:

09:06

Comment:

#GOLD Update
Gold is breaking down another strong structure zone and looks like it will not stop.
If it continues like this, we could see a big bearish wave and it could go back to the previous old areas where it was in early March 2024, near 2078.

The price is already testing the 2300 area which is also a strong psychological price zone. This move is opening the door for more price decline.

If you have any losses from any bad LONG decisions you have made these days, it is better to consider taking the loss. The trend is still bullish, but if this is the top of the bullish wave, it could burn your account.
This is speculation. It happens when you least expect it.

Trade closed: target reached