$XAU Gold Recovers To $5,072 After Overnight 140 Point Crash
The Gold market just experienced a turbulent trading session with extreme volatility, testing the psychology of every trader as prices plummeted from the peak before rebounding strongly.
🔸 After touching the historic peak at $5,110/oz, massive profit taking triggered a widespread selloff, sending gold prices vertically down to the $4,973 zone. This crash of over 140 points in a short period wiped out liquidity from late Long positions.
🔸 However, immediately upon touching the support zone below $5,000, buying pressure quickly returned. Currently, gold prices have impressively recovered to the $5,072 mark, erasing most of the previous losses and showing that the Bulls have not yet given up the game.
With prices quickly reclaiming the $5,000 mark after a deep liquidity sweep, is this a signal that the uptrend remains intact, or just a technical rebound before a real correction begins?
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