GOLD: Geopolitical and Economic Turbulence
During the last three weeks, there have been significant developments in the geopolitical and economic arenas. But what exactly happened?
Geopolitical and Economic Developments:
Trump's Tariff Threats: President Trump continues to threaten with tariffs, increasing market uncertainty. His recent comments have even suggested that his actions could push the US into a recession.
Ukraine Peace and Minerals Deal: Initially, Ukraine did not accept the peace and minerals deal but has now agreed to sign it with the US. Russia is also ready to sign the agreement soon.
USD Devaluation: EURUSD devaluated by over 500 pips in just five days, showing significant weakness. The DXY (US Dollar Index) decreased by nearly 4% during this period.
Gold's Recent Performance: Over the past three weeks, gold has been in a correction phase, trading without significant volume between 2928 and 2900.
Summary:
The recent bullish movement in gold is a clear sign of market manipulation by big hedge funds and Central Banks, which continue to increase their gold reserves. If gold were to react, it should have done so within the past three weeks when the USD was weak and Trump created the mess, not after.
Market Caution: Be cautious, as the market is highly manipulated. Everything can happen under such conditions.
Gold's Bullish Outlook: Gold remains bullish and is very risky to sell. Consider this analysis for the areas where the price may react. One key area is 3000, a strong psychological price zone observed by all market participants. The second area is 3030, marking the completion of the bearish Harmonic Pattern.
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❤️
During the last three weeks, there have been significant developments in the geopolitical and economic arenas. But what exactly happened?
Geopolitical and Economic Developments:
Trump's Tariff Threats: President Trump continues to threaten with tariffs, increasing market uncertainty. His recent comments have even suggested that his actions could push the US into a recession.
Ukraine Peace and Minerals Deal: Initially, Ukraine did not accept the peace and minerals deal but has now agreed to sign it with the US. Russia is also ready to sign the agreement soon.
USD Devaluation: EURUSD devaluated by over 500 pips in just five days, showing significant weakness. The DXY (US Dollar Index) decreased by nearly 4% during this period.
Gold's Recent Performance: Over the past three weeks, gold has been in a correction phase, trading without significant volume between 2928 and 2900.
Summary:
The recent bullish movement in gold is a clear sign of market manipulation by big hedge funds and Central Banks, which continue to increase their gold reserves. If gold were to react, it should have done so within the past three weeks when the USD was weak and Trump created the mess, not after.
Market Caution: Be cautious, as the market is highly manipulated. Everything can happen under such conditions.
Gold's Bullish Outlook: Gold remains bullish and is very risky to sell. Consider this analysis for the areas where the price may react. One key area is 3000, a strong psychological price zone observed by all market participants. The second area is 3030, marking the completion of the bearish Harmonic Pattern.
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❤️
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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.
✅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.