Gold: Is Market Manipulation Driving the Move?
Gold hit 3509 today but quickly dropped back below 3500. As long as it stays under this level, a sell-off remains likely. I don’t expect any major news to trigger this move—it could simply unfold without a clear reason, just like the recent bullish wave did.
If today’s candle closes as a pinbar, we might see a small Head and Shoulders pattern forming on the 60-minute chart, which could push prices lower.
The key level to watch is the neckline, around 3470. A break below that could trigger further downside.
💵 Dollar Strength vs. Gold
The DXY and USD were strong today, and that strength showed up in the indices—but not in gold. It’s possible gold could drop during the U.S. market open. If it doesn’t, and instead starts rising, it might suggest that manipulation is playing a bigger role than expected.
It’s strange how gold reflects all the major USD-related news—like inflation and interest rates—but doesn’t seem to react to USD strength, which is a clear strength. The whole situation feels highly manipulated and disconnected from fundamentals.
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
Gold hit 3509 today but quickly dropped back below 3500. As long as it stays under this level, a sell-off remains likely. I don’t expect any major news to trigger this move—it could simply unfold without a clear reason, just like the recent bullish wave did.
If today’s candle closes as a pinbar, we might see a small Head and Shoulders pattern forming on the 60-minute chart, which could push prices lower.
The key level to watch is the neckline, around 3470. A break below that could trigger further downside.
💵 Dollar Strength vs. Gold
The DXY and USD were strong today, and that strength showed up in the indices—but not in gold. It’s possible gold could drop during the U.S. market open. If it doesn’t, and instead starts rising, it might suggest that manipulation is playing a bigger role than expected.
It’s strange how gold reflects all the major USD-related news—like inflation and interest rates—but doesn’t seem to react to USD strength, which is a clear strength. The whole situation feels highly manipulated and disconnected from fundamentals.
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
Note
Previous analysis
Order cancelled
GOLD didn't manage to break below 3470 as I explained in order to drop further. Gold continues to rise without any reason.Trading Cancelled.
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✅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
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.