GOLD at The Edge of The Cliff
Gold is entering a bearish phase, with the Russian central bank leading the sell-off. I believe other central banks and hedge funds may follow, looking to take profits while prices remain high.
If more institutions join the selling trend, the drop could accelerate, potentially triggering a sharp decline in gold’s value.
You may watch the analysis for further details!
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 entering a bearish phase, with the Russian central bank leading the sell-off. I believe other central banks and hedge funds may follow, looking to take profits while prices remain high.
If more institutions join the selling trend, the drop could accelerate, potentially triggering a sharp decline in gold’s value.
You may watch the analysis for further details!
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 continues to follow our bearish outlook. Market uncertainty is increasing as the impact of Trump’s tariffs remains unclear.
Today, China responded to Trump’s actions with counter tariffs. News: China announced an additional 34% tariff on all U.S. goods, effective April 10.
Interestingly, gold surged to 3136.50, showing strong bullish momentum, but then quickly dropped back down. Right now, it’s testing 3027, creating a clear bull trap. Although fundamentals support gold’s strength, its price is still falling.
Yesterday, indices dropped significantly due to the instability caused by Trump’s policies. Gold might crash along with the indices, and it’s unclear which asset could be affected next.
Today's market has been extremely volatile, and I think it's not related to a normal market activity or tariff news.
Risk warning: Always use a stop-loss on every trade. If possible, avoid trading until the market stabilizes.
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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.