Gold $XAU Slides Hard After Parabolic Rally
Gold’s rocket ride hit a wall. $XAU surged into the $5,600s but quickly reversed, plunging over $1,000 in just a few sessions to mid-$4,600s before finding tentative support near $4,700. Momentum is broken, and weeks of gains are gone.
The flip was fast. A stronger U.S. dollar, rising real yields, and tighter margins forced leveraged traders to unwind. Aggressive profit-taking from funds and large holders turned the pullback into a full-blown liquidation.
Key Levels to Watch:
Immediate support: $4,650–$4,700
Critical demand: $4,500–$4,600
Resistance on a bounce: $4,850–$4,900
Potential Moves:
If $4,650–$4,700 holds → short-term rebound toward $4,850 possible
If $4,500 breaks → further downside toward $4,350–$4,400
$XAU USDT Perp: 4,710.74 ▼3.54%
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