🚨 GOLD UPDATE: WHAT THE MARKET IS SIGNALING NOW
Gold crashed below $4,700, down ~13% in a single day, marking one of the sharpest corrections in decades.
📉 What’s confirmed • Sell-off triggered by Trump naming Kevin Warsh as Fed Chair • Markets pricing a more hawkish Fed • U.S. dollar surged, pressuring non-yielding assets • Heavy profit-taking after record highs
📊 Key Signals to Watch • Volatility spike = forced liquidations likely finished short-term
• $4,600–4,650 → first major demand zone
• Gold remains above long-term trend, this is a correction, not a collapse
• Central bank demand unchanged so far
🧠 Market Read This move looks like a violent reset after extreme upside, not a breakdown of the gold thesis.
Short-term pain, but macro uncertainty keeps gold relevant.
📌 Bottom line Fear is high. Liquidity rules short term.
Patience > prediction.