After the Israeli airstrike on Hamas leaders in Qatar, we saw that the Gold did not rise, but moved down. The peak was reached at 3675 and immediately moved down to test 3612.3.

In the current conditions we are in a complex situation. Gold created a false breakout and moved back up and confirmed a bullish triangle.
The question is, is this a bullish triangle or just a false breakout again?

I think gold can rise as the bullish pattern is only showing if something bigger can happen and we don’t know yet. So it can move without news like it did before the Israeli attack on Qatar.

If this is just a false breakout, then it could just be a moment of profit and whoever pushed the price up last week can lower it.
The downward movement will occur if the price moves below 3620. At least this comes with a little more confirmation if it does, but again there is a high risk.

If the price is not ready to move higher, it could move between 3622 - 3672 before it finds direction.

Overall it is very complex and directionless, I would say, despite the Gold remaining extremely bullish. I find it very risky as long as it is also in overextended conditions.

To be honest, I am only watching gold until it finds direction. With so many scenarios and a strange geopolitical moment, it remains very risky to trade.

You may find more details in the chart!
Thank you!

@Pitchfork_IS_power It could be possible, but as long as the pattern is bullish and valid, we can't ignore it. Maybe if BlackRock intends to sell more BTC, that could change the trend. Just my opinion.

USDJPY Holds Strong — CPI Data Ahead

The US dollar strengthened across multiple currency pairs overnight after a decline in PPI data.

Given that the CPI data came in lower than expected, there is a chance that today’s CPI numbers could also be a downside surprise.

This decline in inflation data is further increasing the chances that the Fed will cut rates at its September meeting.

This could help the US dollar show some strength, but there is still the risk of some major speculation.

CPI YoY expected at 2.9% (vs. 2.7% previous)
Core CPI (ex Food & Energy) YoY expected to stay at 3.1%

Key Targets: 148.80; 149.50 and 150.70

You may find more details in the chart!
Thank you!

BTC Breaks Resistance: Eyes on 123K

Bitcoin continues its upward momentum, hitting our first target as expected.

Following the release of U.S. PPI data yesterday, BTC broke through the key resistance zone at 113,200—opening the path for further gains.

If the price holds steady at current levels, we could see more upside ahead.

Next key targets: 117K 120K 123K

You may find more details in the chart!
Thank you!

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

NZDCAD created a new price high, indicating for a growth on the bullish momentum.

We are looking at for a short-term bullish movement given that the trend is bullish since Friday.

The previous candles are all green and the breakuot should support further.

Key Targets:
0.8243
0.8260

You may find more details in the chart!
Thank you!!