🚨 Trump announces a ceasefire
This likely kills any chance for
GOLD to retest higher sell zones.
No more upside, just continuation plays for the bears, watch for momentum to pick up on the downside. More market optimism means RISK ON - Gold Bearish , DXY Bounce, Stocks Rally.
Watching the markets today, It was like it wants optimism but the drama with escalations and uncertainty kept it where it was all day, I usually avoid Mondays, but now that this has been announced, we will see Market Optimistic and sentiment drive Gold Lower if there are no further escalations than what has already happened, which simply means the US or Iran would have to do more severe damage beyond what has already happened.
We will be back to Fundamentals driving Gold if there is no other major event!
#XAUUSD #Gold #Ceasefire #RiskOn #TradingView #MarketUpdate #Commodities
This likely kills any chance for
GOLD to retest higher sell zones.No more upside, just continuation plays for the bears, watch for momentum to pick up on the downside. More market optimism means RISK ON - Gold Bearish , DXY Bounce, Stocks Rally.
Watching the markets today, It was like it wants optimism but the drama with escalations and uncertainty kept it where it was all day, I usually avoid Mondays, but now that this has been announced, we will see Market Optimistic and sentiment drive Gold Lower if there are no further escalations than what has already happened, which simply means the US or Iran would have to do more severe damage beyond what has already happened.
We will be back to Fundamentals driving Gold if there is no other major event!
#XAUUSD #Gold #Ceasefire #RiskOn #TradingView #MarketUpdate #Commodities
Note
Key GOLD Levels to Watch:1️⃣ Retest into 3380 → potential retest into sell zone
2️⃣ Break below 3350 → shift in bias
3️⃣ Clean break of 3340 with momentum → opens path to 3300 and lower
Stay sharp. Price action will lead.
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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.
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.