$XAU was supposed to be the safe trade.
now it's breaking support, taking out bullish patterns, and sending traders into a full existential crisis.
Everyone was buying the dip until the dip started buying them.
Imagine buying gold near $5.4k because everyone said it was the safest trade.
now we're looking at a potential $3.2k target.
The market really has no respect for anyone's conviction.
now it's breaking support, taking out bullish patterns, and sending traders into a full existential crisis.
Everyone was buying the dip until the dip started buying them.
Imagine buying gold near $5.4k because everyone said it was the safest trade.
now we're looking at a potential $3.2k target.
The market really has no respect for anyone's conviction.
