Gold Pulls Back on Profit-Taking, Bulls Defend the $4000 Level
Yesterday, gold faced a quick sell-off, likely triggered by the profit-taking of large institutions (manipulators), and corrected by almost 8.6%.
Considering that this move was created without news, it is a clear sign of manipulation. We cannot consider overbought conditions, as they have been in this state for 2 years.
The lower low was created near 4000, where the price found the bulls well-positioned near that psychological price zone.
Gold remains bullish and could rise again as shown in the chart.
It will break the 4000 level only if a larger manipulation unfolds again today or during the next week.
The price should rise again with targets at 4190; 4250; 4300 and 4350.
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❤️
Yesterday, gold faced a quick sell-off, likely triggered by the profit-taking of large institutions (manipulators), and corrected by almost 8.6%.
Considering that this move was created without news, it is a clear sign of manipulation. We cannot consider overbought conditions, as they have been in this state for 2 years.
The lower low was created near 4000, where the price found the bulls well-positioned near that psychological price zone.
Gold remains bullish and could rise again as shown in the chart.
It will break the 4000 level only if a larger manipulation unfolds again today or during the next week.
The price should rise again with targets at 4190; 4250; 4300 and 4350.
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❤️
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。
✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
関連の投稿
免責事項
これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。