#XAU Gold has definitely entered a mini bear market.
Confirmed tonight.
But based on past experience, we'll likely see some wide-range volatility for a while; don't hold your breath for new highs.
Last time, 4100 held up just fine, but this time it's dropped below 1900 for the first time in four years, and it's been four days now. Last time was during the 2019-2023 wide-ranging consolidation.
If it's anything like the 2011 bear market, it could be even scarier, with pressure all the way down until we hit the lowest point in a decade-long bear market.
Confirmed tonight.
But based on past experience, we'll likely see some wide-range volatility for a while; don't hold your breath for new highs.
Last time, 4100 held up just fine, but this time it's dropped below 1900 for the first time in four years, and it's been four days now. Last time was during the 2019-2023 wide-ranging consolidation.
If it's anything like the 2011 bear market, it could be even scarier, with pressure all the way down until we hit the lowest point in a decade-long bear market.
