Gold ($XAU) witnessed a sharp reversal today! 📉 After a recent 400-point surge, the precious metal plummeted by an equivalent amount this afternoon, failing to hold the $5000 mark.

This sudden drop saw gold give back all its gains from just two days ago. From its recent peak, prices have fallen over 600 points, wiping out significant upward momentum.

The critical $5000 support level appears fragile, having been breached multiple times. While currently attempting a recovery around this mark, the threat of a further breakdown looms.

What are your thoughts on this dramatic move? Is this a healthy correction, or could it signal the bursting of a gold price bubble? Share your insights! 👇

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