Gold Ready to Fall: Bearish Move Expected
📉 Gold Bearish Short-Term Outlook
🔹 Price Targets:
🎯 Target 1: $2,610
🎯 Target 2: $2,586
🔹 Stop Loss: $2,646
📈 Why This Trade?
✅ Double Top Formation: A clear bearish reversal pattern suggests further downside movement.
✅ Strong U.S. Dollar: The strengthening dollar is putting pressure on gold prices.
✅ Rising Treasury Yields: The recent increase in U.S. Treasury yields makes gold less attractive compared to interest-bearing assets.
✅ Reduced Safe-Haven Demand: With easing geopolitical tensions, the demand for gold as a safe haven is weakening.
🔹 Price Targets:
🎯 Target 1: $2,610
🎯 Target 2: $2,586
🔹 Stop Loss: $2,646
📈 Why This Trade?
✅ Double Top Formation: A clear bearish reversal pattern suggests further downside movement.
✅ Strong U.S. Dollar: The strengthening dollar is putting pressure on gold prices.
✅ Rising Treasury Yields: The recent increase in U.S. Treasury yields makes gold less attractive compared to interest-bearing assets.
✅ Reduced Safe-Haven Demand: With easing geopolitical tensions, the demand for gold as a safe haven is weakening.
Transaction en cours
Take Profit 1 has been reached. Targeting TP2 with positive stop loss. Enjoy the ride and congratulations! 
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Seizing Opportunities, Maximizing Returns. With 7+ years of experience, we provide accurate insights and trading signals.
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
💹 Free daily signals & analysis
💹 Expert strategies & updates
Join now: t.me/valchevfinance
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.