GOLD at The Edge of The Cliff

3 Apr

GOLD at The Edge of The Cliff

Gold is entering a bearish phase, with the Russian central bank leading the sell-off. I believe other central banks and hedge funds may follow, looking to take profits while prices remain high.

If more institutions join the selling trend, the drop could accelerate, potentially triggering a sharp decline in gold’s value.

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4 Apr

Dagangan aktif

📣Gold continues to follow our bearish outlook. Market uncertainty is increasing as the impact of Trump’s tariffs remains unclear.
Today, China responded to Trump’s actions with counter tariffs. News: China announced an additional 34% tariff on all U.S. goods, effective April 10.

Interestingly, gold surged to 3136.50, showing strong bullish momentum, but then quickly dropped back down. Right now, it’s testing 3027, creating a clear bull trap. Although fundamentals support gold’s strength, its price is still falling.

Yesterday, indices dropped significantly due to the instability caused by Trump’s policies. Gold might crash along with the indices, and it’s unclear which asset could be affected next.

Today's market has been extremely volatile, and I think it's not related to a normal market activity or tariff news.

Risk warning: Always use a stop-loss on every trade. If possible, avoid trading until the market stabilizes.

7 Apr

Dagangan ditutup: sasaran tercapai

GOLD reached 2970 and the chances are that it can move down more.

8 Apr

Nota