With price momentum exhausted at the 20 level and the FEI index remaining in absolute noise territory (99.53%), conditions are ripe for a prolonged downward pressure.
This doesn't signify the end of the rally, but rather the maturation of the upward trend and the entry into a crucial consolidation phase.
The overall framework remains positive, with risk at zero and momentum at its strongest.
The price stability between $75,000 and $77,500 is maintaining market stability and supporting its trajectory towards $82,500 to $83,000.
A bearish warning would require a shift in the market's direction into negative territory, especially with increased risk, weak flows, and a price drop below $75,000 to $75,500.
Gold fell 0.7% to $4,399 an ounce after strong US jobs data bolstered expectations of an interest rate hike.
Markets are now awaiting US inflation data this week, with the probability of a September rate increase priced at 58.4%; a strong inflation reading could put further pressure on gold.
I tauʻavea le aofaʻiga atoa o tulaga pupuu (short positions) na faʻamautuina i tupe faʻaalu i le vaega o tupe faʻaeletonika (cryptocurrencies) e $2.74 piliona i le 24 itula ua mavae, o le numera aupito tele lea o le faʻamautuina o tulaga pupuu i le talafaasolopito o tupe numera.