Gold broke below its long-standing ascending channel structure.

4.67K (1.618 fibo) → now strong resistance
4.40K zone → short-term support (currently being tested)
4.01K (1.272 fibo) → next strong support
Trend broken. Lower high + lower low formed. Short-term structure turned bearish.
🧠 Main Question: "Why is gold falling during war?"
Normally during geopolitical risk, inflation, and rising oil prices #Altın 'da artardı. Ancak bu kez sert düşüş yaşanıyor. Çünkü Altın ile #the Dollar is always inversely correlated, and we see large money fleeing to the dollar instead of gold
Gold is a non-yielding asset. The perception that interest rates won't fall in this war environment is also pressuring Gold.
Gold's rise without correction also caused whales to take profit.
Oil's rise does create inflation, but it can also lead to bonds being preferred over Gold.
In summary, this decline is not illogical; on the contrary, it's a fairly clean decline. Trend broken, Dollar strong, interest rate expectations creating pressure. So right now gold is standing out as a profit-realized asset.
If price holds at 4.40, a reaction could come.
If 4.40 breaks, the 4.00K zone will be tested. This scenario seems more likely.
⚠️ #reklam veya yatırım tavsiyesi değildir. Analiz şahsi görüşümdür. Kesinlik içermez. $XAU #xauusd