Gold Forms Bearish Setup Despite Strong Safe-Haven DemandGoldOANDA:XAUUSDKlejdiCuniGold Forms Bearish Setup Despite Strong Safe-Haven Demand Currently, gold has created a clear bearish setup that points to further decline. This breakout occurred on Friday for no reason. Technical analysis shows a bearish move, but it is not supported by a fundamental perspective. Gold is showing that it can continue to fall to 4900; 4800 and 4670. The problem is why it is falling at a time when the geopolitical situation is terrible and has never been like this before. Gold is a safe haven asset that is not reacting properly at such critical moments. I think this whole decline is just a direct play made by those who have already pushed the price to 5600. It is very risky to sell it as we have a high imbalance between the technical setup and fundamental analysis. If Gold does not break the red zone below 4995, then it could be a bearish trap and it could rise again. Even if it moves below the red zone, it will be very risky to chase gold. I think it's best to avoid trading gold until we have a clear idea of what these scammers are going to do before the ARRI resumes its bullish move. Another reason it could fall is that Trump is probably going to end the war soon and his friends are already locking in profits as they know the news in advance. I can't think of any other reason because this is no longer normal trading. You may find more details in the chart. Thank you and good luck! 🍀 ❤️ If this analysis helps your trading day, please support it with a like or comment ❤️