Gold 4-Hour Timeframe Analysis(Nuclear testing Resumed)Gold appears to be setting up for another potential short opportunity. Despite yesterday’s rate-cut announcement, price action showed limited bullish momentum, even after Chair Powell signaled the likelihood of an additional cut in December. This lack of upside response suggests continued bearish sentiment.
Additionally, geopolitical risk remains elevated. Reports indicate former President Trump may push to resume nuclear testing, in response to President Putin’s recent strategic posturing and threats involving advanced weapons systems. While such developments typically support safe-haven assets, gold has yet to reflect meaningful bullish follow-through following these headlines.
Overall, current structural behavior on the 4-hour chart continues to favor bearish movement unless a significant shift in fundamentals or market sentiment emerges
