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Gold: Looks Like a Train Without Brakes
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Gold: Looks Like a Train Without Brakes
During the Tokyo and Sydney trading sessions, Gold hit a record high of 3977.5. After that, the price corrected by almost 1% to 3941.
The strong bullish momentum is keeping gold under strong pressure and the accumulation seems small, showing signs of a strong trend.
If Gold rises above the current high of 3977.50, the chances of surpassing 4000 should increase further.
Gold hit a record high on Tuesday as there was no sign of an easing of a deadlock between the two houses of the US Congress that has led to a government shutdown, while almost certain bets for a US interest rate cut this month also provided support.
Targets:
$3,950
$4,000
$4,050
$4,100You may find more details in the chart!
Thank you and Good Luck! -
Gold: Looks Like a Train Without Brakes
During the Tokyo and Sydney trading sessions, Gold hit a record high of 3977.5. After that, the price corrected by almost 1% to 3941.
The strong bullish momentum is keeping gold under strong pressure and the accumulation seems small, showing signs of a strong trend.
If Gold rises above the current high of 3977.50, the chances of surpassing 4000 should increase further.
Gold hit a record high on Tuesday as there was no sign of an easing of a deadlock between the two houses of the US Congress that has led to a government shutdown, while almost certain bets for a US interest rate cut this month also provided support.
Targets:
$3,950
$4,000
$4,050
$4,100You may find more details in the chart!
Thank you and Good Luck!
GOLD: The Gold Saga Continues
Targets Reached and it should rise more.
From the analysis I posted earlier this week, gold is only going up.
Yesterday, after gold broke out of the correction zone and hit an all-time high of 3977.5, the price didn’t stop at 4000 at all. I was thinking of a small resistance, but it seems the market is aiming much higher this time.
Gold crossed 4000 as a normal target, showing that the momentum for the rise is very high and also the manipulation behind these moves.
If you still think that gold has anything to do with technical analysis at this point, then that’s your decision.What I see is just a huge manipulation that I haven’t seen in years. Whoever is creating this mess or whatever, the reasons are obviously to make big money and maybe to cover the costs of the war or to cover some deficit problem as well.
It's absolutely not China. It's been mentioned in every news I've read lately. Who makes these hidden transactions is never revealed publicly.
It’s normal to ask the question Why? Because the hole is getting so big that no one can fill it anymore, and they are stealing money from your pockets every day you trade against them.
️When these governments or hedge funds will be happy and achieve their goals, then everything will collapse... This is a physical minimum... the higher the rise, the greater the fall. -
GOLD: The Gold Saga ContinuesTargets Reached and it should rise more.
From the analysis I posted earlier this week, gold is only going up.
Yesterday, after gold broke out of the correction zone and hit an all-time high of 3977.5, the price didn’t stop at 4000 at all. I was thinking of a small resistance, but it seems the market is aiming much higher this time.
Gold crossed 4000 as a normal target, showing that the momentum for the rise is very high and also the manipulation behind these moves.If you still think that gold has anything to do with technical analysis at this point, then that’s your decision.What I see is just a huge manipulation that I haven’t seen in years. Whoever is creating this mess or whatever, the reasons are obviously to make big money and maybe to cover the costs of the war or to cover some deficit problem as well.
It's absolutely not China. It's been mentioned in every news I've read lately. Who makes these hidden transactions is never revealed publicly.
It’s normal to ask the question Why? Because the hole is getting so big that no one can fill it anymore, and they are stealing money from your pockets every day you trade against them.
️When these governments or hedge funds will be happy and achieve their goals, then everything will collapse... This is a physical minimum... the higher the rise, the greater the fall.GOLD Price OutlookIsraelis and Palestinians cheered on Thursday after a ceasefire and a hostage deal were announced as part of the first phase of US President Donald Trump’s initiative to end the war in Gaza.
A source familiar with the details of the deal said that Israeli hostages could be released as early as Saturday and troops would begin withdrawing from Gaza within 24 hours.
Technical analysis:
Gold rose above our target at 4058 and fell to 4000 for a correction. This is strange because 4000 was not a strong resistance area, but is now acting as strong support.
The maximum correction for this peace deal was only 58? Does it make sense?If not, then the whole bullish movement is a bullish one and has nothing to do with the geopolitical situation, which was the main catalyst for gold’s rise over the past two years.
️It is impossible to believe that the market reaction was so small. I do not think that anything bigger will happen. Only gold remains manipulated in a crazy way and will fall when no one expects it. Gold will only fall if the one who created the bullish movement starts selling all that liquidity in order to lock in profits.As long as the price of GOLD remains above the 4000 support area, the bullish trend remains intact with targets at 4050, 4075 and 4100.
