Gold

Wondering why gold is down?

Gold’s falling today mainly because a few things are working against it at the same time: First, interest rates matter. When traders think rates will stay high for longer, gold becomes less attractive because it doesn’t earn any interest. Second, the US dollar is stronger, and that usually pushes gold down. A stronger dollar makes gold more expensive for buyers in other currencies, so demand drops. Third, people are taking profits. After recent gains, some traders are just cashing out, which adds selling pressure. Finally, once gold breaks key price levels, more automatic sell orders kick in, which can make the drop look faster than it really is. 💨💨💨

Just broke the 4,200 support

This is going to be interesting. 4130 NFA

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Can’t wait for the bull run we’ll have. Buying more and more physical gold and letting itself turn into a investment :)) good luck peeps gold will only rise

Americans failed to break through 4200

They pumped dollar to 1 month high (last time it was this price on May 19th) and yet they couldn't break through 4200. I take it as good sign. Stay strong bulls!

Gold can always be oversold and keep going lower

Once it gets overbought, it can’t keep going up. Welcome to gold.

How much gold do they have left

Anyone knows how much gold USA have left for sale?

60 units at 4,220

60 units at 4,220. PT at 4,300. Good luck everyone.

why is this f-er falling

when oil has been falling since Monday? it’s at all times low since Apr

No interest

There seems to be a lot of hesitation in buying by the big boys and I can’t understand why when it’s so low now. Have people lost all confidence as oil has tombstoned . I remember all the comments over the last 3 months saying when oil goes down and deal done, this will boom 💥 Well it’s like watching paint dry a painful task trading here. I’m personally waiting for it to bottom out then go long. But that’s the million dollar question I know Where’s the bottom? Who knows boys But I’d be surprised to see it below £3,000 gbp per ounce Stay lucky🥊

4200

Will it go lower than today lowest? 🧐

We back to pre MOU signing.

Let’s just break 4000 already at this point .

Next hours

Whats the target for the next few hours ? Any analysis or opinions?

Reading inbetween the lines

So the MOU has been signed however they have a provisional date of 60 days to end the war. This screams that it will be pushed back. Also Trumps comment that says he will resume bombing in an instant is not a good sign. All this is, is a stall tactic again.

Many will downvote lol

I always see many people wanting to know if they should buy or sell. The answer to that is idk? But if you want to know more about what is going on in the market try to analyse it. For you people who don’t know how to ima make it clear to you. Dont be upset, but we in a downward trend. I don’t see any higher high and high lows atm. I only see lower highs and lower lows, you can see this on the 4 hours time frame yourself. What I’m waiting for personally. A break above the recent swing high (around 4,350–4,400) A pullback that stays above the previous low (forming a higher low). Then another move up to create a higher high. Don’t put a long buy in atm till you are confident. Only go long when you see the above. Be safe. Take care.

Asia

Asia doing their thing 🙌

So with a 60 day timeframe to makea deal with potential to be extended

Gold will most likely be consolidating for that period of time.