🟡 Gold Just Took the Elevator Down ⬇️
After one of the most aggressive parabolic runs in years, gold finally hit a hard reset. Price surged into the $5,600 zone, then reversed sharply — dropping over $1,000 within a few sessions. $XAU slid into the mid-$4,600s and is now attempting to stabilize near $4,700. Weeks of gains were wiped out fast, and momentum on the chart is clearly broken.
The key takeaway isn’t only the drop — it’s the speed. Sentiment flipped from bullish to defensive almost overnight. A stronger U.S. dollar, rising real yields, tighter margin conditions, and heavy profit-taking by funds triggered forced liquidations.
Technically, gold has slipped below key demand zones. The $4,500–$4,600 area is now critical. If buyers don’t defend this zone, gold may need more time to cool before any sustainable bounce.
#GOLD #XAU #MarketNotes #Macro This is just my personal idea and opinion. Market can move up or down anytime. Always do your own research before making decisions.
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