#GOLD: Complete Transformation - From Bullish To Bearish
t.me/TradingPuzzles/16937
Over the past week and also yesterday, gold has had a clear bullish pattern and was showing the potential for a larger bullish move.
Suddenly, two hours ago we had this sudden sell-off that happened without any news or reason.
As I explained, inflation is expected to rise in all major economies due to the oil price and Geopolitical tension is very high. It is impossible for the dollar to be worth more than gold.
We could be facing insider trading or manipulated moves, as is often the case with the Trump administration and his family, but no one is doing anything about it.
If this is the start of a larger wave, then it could accelerate further to 4200.
It is impossible to know if it will fall further or if this is a false breakout to the downside and will rise again.
The pattern is clear and bearish, but manipulated moves are just manipulated and you never know when they will end.
You can find more details on the chart.
Thank you and good luck! 🍀
⚠️PS: Do your own analysis and use your own strategy to join the trade.
#XAUUSD @tradingview #goldtrading #goldsignals #goldanalysis #silversignals #silveranalysis #silvertrading
tradingview.com/chart/XAUUSD…