DowOracleFx

Gold is Bullish with No Sign of Reversal as per Technical. As far as Fundamentals are concerned, Weak Economic Data (Dollar) favors Safe Heaven. 79% Bullish on COT Analysis Report (Increase in Buying has been observed). Geopolitical concerns have played a significant role in driving gold prices higher. The recent helicopter crash involving the Iranian president initially spooked traders, highlighting the ongoing tensions in the Middle East.Moreover, the massive borrowing undertaken by governments worldwide has raised concerns about the stability of fiat currencies, further bolstering gold’s appeal as a safer asset than credit instruments. Global credit issues have also contributed to the shift towards gold, with investors viewing short-term dips in gold prices as buying opportunities amid the overall upward momentum.Expectations of interest rate cuts by the U.S. Federal Reserve have been another key driver of gold’s rally. Lower-than-expected inflation data in the U.S. has suggested a downward trend, fueling speculation about potential rate cuts. This, coupled with steady U.S. Treasury yields and a weakening U.S. Dollar, has created a favorable environment for gold prices to climb. Additionally, global economic factors, such as China’s measures to stabilize its property sector, have contributed to the positive sentiment surrounding gold.

Gold is Bullish with No Sign of Reversal as per Technical. As far as Fundamentals are concerned, Weak Economic Data (Dollar) favors Safe Heaven. 79% Bullish on COT Analysis Report (Increase in Buying has been observed). Geopolitical concerns have played a significant role in driving gold prices higher. The recent helicopter crash involving the Iranian president initially spooked traders, highlighting the ongoing tensions in the Middle East.Moreover, the massive borrowing undertaken by governments worldwide has raised concerns about the stability of fiat currencies, further bolstering gold’s appeal as a safer asset than credit instruments. Global credit issues have also contributed to the shift towards gold, with investors viewing short-term dips in gold prices as buying opportunities amid the overall upward momentum.Expectations of interest rate cuts by the U.S. Federal Reserve have been another key driver of gold’s rally. Lower-than-expected inflation data in the U.S. has suggested a downward trend, fueling speculation about potential rate cuts. This, coupled with steady U.S. Treasury yields and a weakening U.S. Dollar, has created a favorable environment for gold prices to climb. Additionally, global economic factors, such as China’s measures to stabilize its property sector, have contributed to the positive sentiment surrounding gold.

BTCUSDT is bearish in lower timeframes. Support Level for Bullish BTC Outlooks are marked on Chart

Bearish Divergence resulted into Bearish Trend in Gold despite Wartime Scenario. Gold is now forming Bearish Flag likely result into continuation of Bearish Trend. Also Short Sentiment as per COT Analysis.Strong USD Employment Cost Index melted Gold.Price Corrections. Sell on Every HL. Keeping in view NFP Tomorrow.

XAUUSD - 1H - BearishTrade PlanBearish DivergenceBreak of previous HLInstant EntrySell - 1939.78SL - 1953.61TP 1 - 1925.94TP 2 - 1912.10LOT: 0.14 (2%)TP Hit

4H XAUUSD - Long , Demad Zone, Candlestick Pattern SL - 1990TP - 2038