💡 GOLD: Anticipate a price drop

The market has entered a time of year when capital flows dominate fundamentals, making it difficult to determine the cause of any market movement. Markets are paying attention to the Red Sea crisis and how the United States will respond to this threat to global shipping. In addition, gold also has fundamental support as the Fed turns to a dovish policy and the US dollar slips.

We can see gold finding support above the 48-hour moving average on the H4 chart. In addition, the MACD double line and the histogram bar have formed a recovery and contraction trend near the zero axis. Falling real yields are a bullish factor for gold and may continue to be supported since the market entered into the interest rate cutting cycle.

SELL LIMIT can be applied when the price increases again, a stop loss order is required.