GOLD In-Depth Analysis: Exploring Both Scenarios
Watch out for a possible double top pattern.
Gold's price has risen today, but without a clear reason.
The market is mostly speculating about tariffs.
However, in my view, there might be something bigger driving gold’s movements, as its price tends to shift even when the market seems quiet.
You can watch the analysis for further details!
Thank you and Good Luck!
❤️PS: Please support this analysis with a like or comment if you find it useful for your trading day. ❤️
Watch out for a possible double top pattern.
Gold's price has risen today, but without a clear reason.
The market is mostly speculating about tariffs.
However, in my view, there might be something bigger driving gold’s movements, as its price tends to shift even when the market seems quiet.
You can watch the analysis for further details!
Thank you and Good Luck!
❤️PS: Please support this analysis with a like or comment if you find it useful for your trading day. ❤️
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GOLD Why We Should Be Careful
From yesterday's analysis GOLD broke out of the top of the structure located near 3057. The price took a long pause in that area for about 14 hours before making a new all-time high.
GOLD hit 3086 and looks unstoppable. On Wednesday, Goldman Sachs raised its gold price forecast for the end of 2025 to $3,300 an ounce from $3,100.
Many other hedge funds and central banks focused on $3,100 as a key resistance area.
According to various sources, the main catalyst for gold's rise is safe-haven buying, driven by uncertainty around Trump's tariff plans.
The problem is that once the market changes its approach to Trump's tariffs, everything could suddenly change in the same way it rose.
This is why we should also be wary of any strong selling. It could be for no reason. The opposite of bullish momentum.
If this is the scenario, we could be in for a false bullish breakout and GOLD could fall very sharply.
Otherwise, if the upward momentum continues, GOLD could continue to rise to 3100 and 3200 and 3300. All scenarios are driven solely by rebounding speculation rather than normal setups so far.
PS: It's very easy for me to say just buy because it will go up, but that's not the right approach. Being careful with gold is never enough.
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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
Related publications
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.