I am pretty not sure about the next move but all I know is that the price of gold would fall massively in short time.
This is a moment where the fundamental element of trading and it's technical analysis has failed to respect the fundamental rules of the financial market.
Nevertheless, seems like the US bank strategies concerning rate cut isn't so favorable to both China and India demand for tons of gold regarding their holiday celebration.
This is a neutral signal for now, but if you look closely into the chart; I have predicted the next move on percentages..
This might help you understand what the market makers are planning..
Good luck.
This is a moment where the fundamental element of trading and it's technical analysis has failed to respect the fundamental rules of the financial market.
Nevertheless, seems like the US bank strategies concerning rate cut isn't so favorable to both China and India demand for tons of gold regarding their holiday celebration.
This is a neutral signal for now, but if you look closely into the chart; I have predicted the next move on percentages..
This might help you understand what the market makers are planning..
Good luck.