GOLD Potenial Movements in the 2625.00 2685 Range
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Gold’s Potential Movements in the 2610 - 2685 Range
Today, it was surprising to see GOLD test a key support area near 2620 without any apparent reason. Despite significant events and issues last week, GOLD didn’t drop this low until now. Overall, GOLD remains a peculiar and manipulated instrument.
Many might interpret this as a profit-taking process. However, considering the recent war conflict and the FOMC rate cut, which caused market turmoil in the past months, GOLD should have surged. Yet, as we see, nothing significant is happening because manipulation has already pushed the price too high.
If any unusual bearish move occurs, it will likely be due to manipulation, as I mentioned in previous analyses. Even if the price moves above 2685 without any clear reason, it will be due to manipulation rather than technical factors unless supported by news.
✅Technical Analysis:
If the price respects the current pattern and fundamental developments, GOLD is already near a key support zone and is likely to push up again, as shown on the chart. Since September 20, 2024, the price has been moving within a large pattern between 2610 and 2685. If the price respects the technical analysis, we should see GOLD rising again within this pattern.
You may find more details in the chart 📉
If you find this analysis useful for your Trading day ❤️
Today, it was surprising to see GOLD test a key support area near 2620 without any apparent reason. Despite significant events and issues last week, GOLD didn’t drop this low until now. Overall, GOLD remains a peculiar and manipulated instrument.
Many might interpret this as a profit-taking process. However, considering the recent war conflict and the FOMC rate cut, which caused market turmoil in the past months, GOLD should have surged. Yet, as we see, nothing significant is happening because manipulation has already pushed the price too high.
If any unusual bearish move occurs, it will likely be due to manipulation, as I mentioned in previous analyses. Even if the price moves above 2685 without any clear reason, it will be due to manipulation rather than technical factors unless supported by news.
✅Technical Analysis:
If the price respects the current pattern and fundamental developments, GOLD is already near a key support zone and is likely to push up again, as shown on the chart. Since September 20, 2024, the price has been moving within a large pattern between 2610 and 2685. If the price respects the technical analysis, we should see GOLD rising again within this pattern.
You may find more details in the chart 📉
If you find this analysis useful for your Trading day ❤️
Trade ist aktiv
1st Buy Area Active From 2610.00
now the Buy Position Running 100 PIPS in Profit From 2610.00 2620.00
Trade geschlossen: Ziel wurde erreicht
Trade Active From 2610
Gold Market Will Touched to 2660 Trade Active we get almost 500 Pips Profit From our weekly Target Keep Fallow me for more update and insights
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