GOLD : Be Careful Of This Clear Bearish Pattern
Israel and Iran's air war entered a second week and European officials sought to draw Tehran back to the negotiating table.
Stock markets ticked higher on Friday while oil skirted close to its biggest daily drop since April after President Donald Trump pushed back a decision on U.S. military involvement in the Israel-Iran conflict.
The U.S. is now giving itself two weeks and maybe some diplomatic opening window there to resolve the situation in Iran
European shares rose on Friday after declining for three straight sessions, as a stall in the United States' involvement in the Middle East conflict helped soothe investor concerns.
The foreign ministers of Germany, France and Britain plan to hold nuclear talks with their Iranian counterpart on Friday in Geneva, a German diplomatic source told Reuters.
The pause on GOLD price is related to the news above. we should be careful because if they reach any agreement gold can fall aggressively as long as it didn't manage to rise more.
Don't forget that the big trend is bullish but remains manipulated and also effected too much by the news
✅PS: GOLD has a bearish scenario from all perspectives. I wouldn't say sell it because it's very risky, but you can consider this scenario if you have long positions.
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❤️
Israel and Iran's air war entered a second week and European officials sought to draw Tehran back to the negotiating table.
Stock markets ticked higher on Friday while oil skirted close to its biggest daily drop since April after President Donald Trump pushed back a decision on U.S. military involvement in the Israel-Iran conflict.
The U.S. is now giving itself two weeks and maybe some diplomatic opening window there to resolve the situation in Iran
European shares rose on Friday after declining for three straight sessions, as a stall in the United States' involvement in the Middle East conflict helped soothe investor concerns.
The foreign ministers of Germany, France and Britain plan to hold nuclear talks with their Iranian counterpart on Friday in Geneva, a German diplomatic source told Reuters.
The pause on GOLD price is related to the news above. we should be careful because if they reach any agreement gold can fall aggressively as long as it didn't manage to rise more.
Don't forget that the big trend is bullish but remains manipulated and also effected too much by the news
✅PS: GOLD has a bearish scenario from all perspectives. I wouldn't say sell it because it's very risky, but you can consider this scenario if you have long positions.
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❤️
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t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.
✅MY Free Signals
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅YouTube
youtube.com/@TradingPuzzles
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.