bullish

Major

Gold

Gold price is dipping again. The metal dropped from around&nbsp;$4,150 per ounce to roughly $4,050&nbsp;in a matter of hours. Just as gold holders thought better days were ahead after the June crash below $4,000, the metal sold off once more.What is going on? <a href="https://captainaltcoin.com/heres-why-silver-and-gold-prices-are-crashing-today/" rel="noopener noreferrer nofollow">Why is gold price falling</a> when war is escalating?<h2 class="wp-block-heading" id="peter-schiff-shorts-will-be-in-for-a-world-of-hurt">Peter Schiff: “Shorts Will Be in for a World of Hurt”</h2>Peter Schiff <a href="https://x.com/PeterSchiff/status/2076440719179346374?s=20" rel="noopener noreferrer nofollow">summed it up</a> nicely in his latest tweet:“Once again, gold is selling off as the war with Iran escalates. Traders are being conditioned to believe that war is now bearish for gold. Shorts will be in for a world of hurt when they are blindsided by the reality that the opposite is true. Conditions are set for a huge rally.”Schiff’s point is that the market has been conditioned to sell gold on war news because the recent pattern has been: war escalates → oil spikes → inflation fears rise → Fed stays hawkish → dollar strengthens → gold falls.But Schiff argues that this conditioning is temporary. Eventually, the market will realize that war, inflation, and currency debasement are bullish for gold in the long run. When that realization hits, the shorts will get squeezed.<h2 class="wp-block-heading" id="rashad-hajiyev-inverse-head-and-shoulders-forming">Rashad Hajiyev: Inverse Head and Shoulders Forming</h2>Analyst Rashad Hajiyev offered a more technical perspective on <a href="https://captainaltcoin.com/gold-price-prediction-as-central-banks-add-41-tonnes-in-may/" rel="noopener noreferrer nofollow">the gold price action</a>. He tweeted:“Gold has been flirting with $4k level for over the month forming an inverse head and shoulders pattern. Extremely tiring and wearing price action usually happens at major bottoms.”His key insight is that the prolonged consolidation near $4,000 is actually a bottoming process, not a sign of weakness.<h2 class="wp-block-heading" id="gold-chart-analysis-inverse-head-and-shoulders-pattern">Gold Chart Analysis: Inverse Head and Shoulders Pattern</h2>The attached chart from&nbsp;<a href="https://investing.com/" rel="noopener noreferrer nofollow">Investing.com</a>&nbsp;shows XAU/USD on a 2‑hour timeframe from June 10 to July 13, 2026.Price action:&nbsp;Gold is trading around $4,050 at press time. The metal has been in a downtrend since the January highs near $5,600. The recent price action shows a series of lower highs and lower lows, but the pace of the decline has slowed.The inverse head and shoulders pattern:&nbsp;Hajiyev’s observation is visible on the chart. The pattern consists of three troughs:<ul class="wp-block-list"><li>Left shoulder:&nbsp;Formed in mid‑June near $4,000</li><li>Head:&nbsp;Formed in late June near $3,973 (the lowest point)</li><li>Right shoulder:&nbsp;Currently forming near $4,000–$4,050</li></ul>The neckline of the pattern sits near&nbsp;$4,150–$4,170. A break above this level would confirm the pattern and signal a bullish reversal.<figure class="wp-block-image aligncenter size-large"><img width="1024" height="558" src="https://captainaltcoin.com/wp-content/uploads/2026/07/image-299-1024x558.png" alt="" class="wp-image-922966"><figcaption class="wp-element-caption">Source: <a href="https://x.com/hajiyev_rashad/status/2076544239031501154?s=20" rel="noopener noreferrer nofollow">X/@hajiyev_rashad</a></figcaption></figure>Key support levels:<ul class="wp-block-list"><li>Immediate support:&nbsp;$4,000 (psychological level)</li><li>Major support:&nbsp;$3,973 (the head of the pattern)</li><li>Next support:&nbsp;$3,900 and $3,800</li></ul>Key resistance levels:<ul class="wp-block-list"><li>Immediate resistance:&nbsp;$4,080–$4,100</li><li>Neckline resistance:&nbsp;$4,150–$4,170</li><li>Major resistance:&nbsp;$4,300 and the 200‑day moving average near $4,450</li></ul>Is the bottom in?&nbsp;Hajiyev’s analysis suggests the bottom may be forming. The inverse head and shoulders pattern is a classic reversal pattern. The “extremely tiring and wearing price action” he describes is often seen at major bottoms, when sellers exhaust themselves and buyers slowly accumulate.Read also: <a href="https://captainaltcoin.com/gold-and-silver-price-forecast-popular-analyst-says-buy-the-panic-at-3600-and-50/" rel="noopener noreferrer nofollow">Gold and Silver Price Forecast: Popular Analyst Says Buy the Panic at $3,600 and $50</a><h2 class="wp-block-heading" id="why-gold-is-falling-despite-war">Why Gold Is Falling Despite War</h2>The short-term mechanics are still bearish. War escalation → oil spikes → inflation fears rise → Fed stays hawkish → dollar strengthens → gold falls. The market is still following this pattern.But Schiff’s point is worth considering. The longer the war continues, the more the structural damage to the global economy. Higher oil prices, supply chain disruptions, and geopolitical uncertainty all eventually support gold. The question is when the market changes from short-term thinking to long-term reality.<h2 class="wp-block-heading" id="my-honest-take-on-gold-price-action">My Honest Take on Gold Price Action</h2>Gold is at a critical moment. The $4,000 level has been tested multiple times. Each test has held so far. The inverse head and shoulders pattern is forming. The “tiring and wearing” price action is often a sign of bottoming.Schiff’s warning about shorts being squeezed is not empty talk. If the gold price breaks above the neckline at $4,150–$4,170, the next move could be violent. A break above $4,300 would open the door to $4,500–$4,800.But the short-term trend remains bearish. A break below $3,973 would invalidate the inverse head and shoulders pattern and suggest further downside to $3,800.I am <a href="https://captainaltcoin.com/i-dont-want-to-buy-gold-here-analyst-warns-gold-price-has-further-to-fall/" rel="noopener noreferrer nofollow">not buying gold here yet.</a> I want to see a confirmed break above the neckline before committing. But I am watching closely. The conditions for a huge rally are being set.Subscribe to <a href="https://www.youtube.com/@Captain-Altcoin" rel="noopener noreferrer nofollow">our YouTube channel</a> for daily crypto updates, market insights, and expert analysis.<figure class="wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio"><div class="wp-block-embed__wrapper"><iframe title="2026 Crypto Card Ranking — Massive CHANGES Nobody Expected!" src="https://www.youtube.com/embed/gVOD-NjXLDo?feature=oembed"></iframe></div></figure>The post <a href="https://captainaltcoin.com/gold-price-crashes-again-as-war-in-iran-escalates/" rel="noopener noreferrer nofollow">Gold Price Crashes Again as War in Iran Escalates</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.

Gold Price Crashes Again as War in Iran Escalates

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