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What is happening in gold is not a weakness in gold itself,
but a direct reflection of the strength of the dollar.

The attached chart shows the performance of the most important assets during the same session:
gold, silver, U.S. stocks, cryptocurrencies, and oil.
Almost all of them move in the red,
while the dollar alone moves in the green.

This indicates that the movement is not specific to a particular asset,
but is a general liquidity movement exiting the market as a whole.

When the dollar strengthens suddenly,
liquidity moves towards cash (the dollar)
and not towards assets.
Since most assets are priced in dollars,
any sudden strength in it automatically pressures them,
and among them gold.

Therefore, the decline in gold in this context
is a result of the strength of the dollar
and not evidence of weakness in gold itself.

This session is considered a repositioning and risk management session,
and not a session to judge assets
or a change in the long-term trend.

Those who monitor the direction of the dollar
understand the movement of gold more accurately.

Praise be to God, the Generous, who taught us

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In the name of God the Merciful
(So ​​I said, “Ask forgiveness of your Lord. Indeed, He is Forgiving. He will send rain upon you from heaven. He will provide you with wealth and children, and make for you gardens, and grant you Rivers

:

There is no doubt that seeking forgiveness is a reason for obtaining sustenance, as stated in the noble verse that I mentioned, and this matter is not specific to the people of Noah, but rather it is for the general Muslims.

Al-Razi said in his interpretation: And know that creation is innate to love immediate good deeds, and for this reason God Almighty said: And others that you love are victory from God and an imminent conquest [As-Saff: 13]. There is no crime. God Almighty informed them here that their faith in God brings them together with abundant luck in the afterlife, fertility and wealth in the hereafter. The world.
The things that He promised them of the benefits of this world in this verse are five: ...until He said: And the second of them: His saying: And He will provide you with wealth, and this is not specific to one type of wealth; Rather, it applies to everyone. I finish.

Asking forgiveness occurs in every form that indicates it, and the more a Muslim does it, the more his good deeds will increase and his livelihood will increase.

It is better to ask for forgiveness using the well-known formulas that are proven from the Prophet, may God bless him and grant him peace. See more about this topic in the fatwa.