Is $XAU heading to a new ATH following a textbook ABC correction (where C=0.618xA)?
China is importing gold at a rate equivalent to 42% of global mine production. It's estimated to hold 2,400 tonnes and may be buying considerably more than officially reported.
Gold has overtaken US Treasuries as the world's leading reserve asset as central banks and private investors continue accumulating.
Japan, China and the UK all significantly reduced their holdings of US government debt in June.
Is the world preparing for an American collapse? The macro shift is unmistakable—central banks are rotating out of dollars and into hard assets. If this ABC plays out clean and C hits that 0.618 extension, we're looking at fresh highs. The structure is there, the macro backdrop is there. Stay patient, watch for confirmation at key Fib levels, and don't chase—let the wave complete. This is a cycle-level repositioning, not a short-term trade.
China is importing gold at a rate equivalent to 42% of global mine production. It's estimated to hold 2,400 tonnes and may be buying considerably more than officially reported.
Gold has overtaken US Treasuries as the world's leading reserve asset as central banks and private investors continue accumulating.
Japan, China and the UK all significantly reduced their holdings of US government debt in June.
Is the world preparing for an American collapse? The macro shift is unmistakable—central banks are rotating out of dollars and into hard assets. If this ABC plays out clean and C hits that 0.618 extension, we're looking at fresh highs. The structure is there, the macro backdrop is there. Stay patient, watch for confirmation at key Fib levels, and don't chase—let the wave complete. This is a cycle-level repositioning, not a short-term trade.
