Şant Manukyan: Gold Sales Could Accelerate If Critical Level Breaks Down

Financial expert Şant Manukyan stated that gold prices have entered a critical period and pointed to a level that investors should monitor closely. According to Manukyan, if this threshold is broken to the downside, selling pressure could increase more than expected. Manukyan noted that current price movements in the gold market are technically testing an important support level. He emphasized that if prices fall below this level, short-term investors' stop-loss orders could be triggered, accelerating sales. The expert highlighted the recent volatile trend in gold prices, saying that geopolitical risks and uncertainties in central banks' monetary policies are affecting pricing. Manukyan stated that investors should closely follow this critical level. This is not investment advice.

📊 GOLD — Piyasa Yorumu

▼ down · 65%

The news headline indicates that if a critical support level is broken to the downside, selling could accelerate. Technical indicators support this view: the RSI at 39 is near oversold territory and signals weak momentum. The MACD line is below the signal line and in negative territory, confirming a bearish trend. The price is trading below the 20- and 50-day moving averages, indicating a weak short- and medium-term trend. Although there is a slight uptick from the last close, the overall technical structure and news flow suggest that downside risks persist.

RSI 14

39.0

MACD

-0.35

24h Δ

1.19%

📊 GLD — Piyasa Yorumu

▼ down · 65%

The news headline creates a negative outlook by stating that selling could accelerate if a critical support level is broken below. Technical indicators support this view: the RSI at 34.5 is approaching oversold territory but remains in a downtrend; the MACD line is below the signal line and in negative territory, indicating weak momentum. Additionally, the last closing price (3980.45) is well above both the 20-day (370.09) and 50-day (372.44) moving averages, suggesting potential for a short-term correction. Despite a slight 0.1% rise in the last 24 hours, the overall outlook carries downside risks.

RSI 14

34.5

MACD

-2.07

24h Δ

0.10%

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