Think crypto is volatile? Look at Gold! The $XAU weekly candle is a straight-up massacre. A 10% drop in the world’s most stable asset is equivalent to a 50% crash in alts.
Institutional portfolios are rebalancing, and Gold is the sacrificial lamb. We haven't seen a move this violent since the early 80s.
The "Paper Gold" market is flushing out the leverage. Don't catch the falling knife until the dust settles at the $4,300 support.
XAUUSDT
Perp
4,488.35
-0.23%