You've probably seen the massive red candlestick in (PAXG) and Gold (XAUT). The golden metal just lost the key zone of $4,500 in the blink of an eye, leaving thousands of long traders trapped.
Many are asking: 'If the world is in crisis, why is gold dropping?' As a trader, you can't afford to trade blind. Here, I break down the 3 hidden reasons behind this crash and how you can capitalize on it.
Technical Diagnosis
The short time frame charts (15m and 1H) don't lie: we're witnessing an institutional liquidity sweep. The price of PAXG has forcefully broken through the key moving averages (EMA 50, 100, and 200), triggering cascades of stop-losses.