#الذهب_لا_يصدأ #الذهب_اليوم #Gold🚨 Breaking: China disposes of one million ounces of gold! 🔥📉

Reports indicate that China has sold a massive amount estimated at one million ounces of #gold! 🪙

What does this mean for the market? 🤔

This move comes after gold reached historic peaks recently (near 3500 dollars as shown in the chart).

The price has seen a decline and correction in recent days, trading now around 3200-3300 dollars.

An increase in supply of this magnitude may put additional pressure on prices in the short term. ⚠️

Is this a change in trend?

The chart shows a strong upward trend in the long term (since mid-2024).

However, the recent decline along with the news of the Chinese sale raises questions about the sustainability of this rise with the same strength.