GOLD Outlook- Post Israel's attack on Qatar

[TradingPuzzles]

GOLD Outlook- Post Israel's attack on Qatar

Crazy things from the attack that happened yesterday.
🟢Israel escalated its military action in the Middle East and the US described it as a unilateral attack that does not advance U.S and Israeli interests.

Regarding our GOLD analysis, we saw gold rise from August 20th from 3315 to 3675. It was a move initiated without news. The market only speculated on the interest rate cut by the FED, which was estimated in millions of times by January 2025.

The fact remains that Trump and his Israeli friends knew this news in advance. You can believe it or not, but this is how a manipulated market moves. Everyone writes articles that do not make sense and the general public takes it for granted.

With the news that happened, gold only rose from 3650 to 3675. That's it. This was followed by a drop to 3619 as shown in the chart.

We are still in a manipulated uptrend. If Trump and his company lock in profits, Gold may fall from this area, otherwise the price may develop further and may rise further, only if the conflict escalates.

It is impossible to think that gold fell after the attack and did not rise. The same thing happened when Israel attacked Iran and Iran attacked US bases.

️Be careful because both scenarios are possible. Everything is related to the manipulation cycle.
The pattern is bearish so far