Gold at a Breaking Point
GOLD made a new all-time high at 2365 and is now slowing down.
It looks like a broadening wedge pattern.
With the current price position, gold can do both moves, and it's already very complex.
The bullish move is also a favorite for market participants considering that GOLD is in a strong bullish manipulated trend.
If gold breaks down the pattern, it will start a deeper corrective move and may reach 2270 and 2230.
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 made a new all-time high at 2365 and is now slowing down.
It looks like a broadening wedge pattern.
With the current price position, gold can do both moves, and it's already very complex.
The bullish move is also a favorite for market participants considering that GOLD is in a strong bullish manipulated trend.
If gold breaks down the pattern, it will start a deeper corrective move and may reach 2270 and 2230.
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❤️
Comment:
Today GOLD reached a new record at 2431.40
Suddenly there was a big sell-off and as usual for no solid reason.
It is too early to tell if the bears are back in the market or if the same manipulators who push gold up are pushing gold down. However, with the current data, GOLD is going down and may not stop anytime soon. A break out from the pattern could bring the price down further.
Let's see if this will be the start of a new trend.
The price already decreased by -3.8% in four hours from 2431.40 to 2337.40
Today GOLD reached a new record at 2431.40
Suddenly there was a big sell-off and as usual for no solid reason.
It is too early to tell if the bears are back in the market or if the same manipulators who push gold up are pushing gold down. However, with the current data, GOLD is going down and may not stop anytime soon. A break out from the pattern could bring the price down further.
Let's see if this will be the start of a new trend.
The price already decreased by -3.8% in four hours from 2431.40 to 2337.40
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bit.ly/49VySJF
🚨GOLD - The bullish trend continues to dominate the market
The USD is showing strength ahead of the London Market opening.
GOLD on the other hand is strong and reached a new record all-time high at 2395.
The USD strength and the bet for FOMC not to change rates anytime soon are not affecting GOLD's strength.
Gold continues to rise for no apparent reason.
The GOLD strength this time is the first in its history to keep growing in this crazy way in a short time without any strong reason.
From February 29, 2023 until now the price increased by almost +18% without pausing. From 2034 to 2395
The fundamentals are not at all related to the movements of GOLD or speculation about China, WW3, etc. This is all insane and a clear manipulation from the big heads.
Who are they?... That is the big question and the costs are the reasons they are doing this manipulation. These are not normal transactions to cover the currency devaluation.