The "City of Gold" is seeing red today. 🚩
What started as a record-breaking rally has shifted into a violent correction as profit-taking turns into a dash for the exits.
If you thought the climb was fast, the drop is proving to be even faster.
🟡 GOLD: The Dh600 Floor Shatters
The psychological support at Dh600 didn't just break; it vanished. After peaking at a staggering Dh666 on Thursday, 24K gold has plummeted, leaving investors reeling.
* Current 24K Price: Dh589.50/g 📉
* 48-Hour Wipeout: -Dh76.50 per gram 💣
* Global Benchmark: $5,000/oz 🌍
Local Rate Breakdown:
* 22K: Dh545.75
* 21K: Dh523.25
* 18K: Dh448.50
⚪ SILVER: A Total Liquidation Event
If gold is bleeding, silver is in the intensive care unit. 🚑
We are witnessing an absolute obliteration of value in a record timeframe.
* Percentage Drop: -34% ⚠️
* Price Slash: -$40 per ounce 💥
* Market Sentiment: Extreme Fear 😱
🔍 Market Analysis: Dip or Disaster?
Volatility is the name of the game right now.
While long-term bulls might call this a "healthy reset" after the recent moon mission, the sheer speed of the sell-off suggests tightening liquidity and a massive shift in sentiment.
> "Be fearful when others are greedy, but stay cautious when the floor falls out."
>
Are you buying this blood, or is it time to move to the sidelines? Let’s hear your strategy in the comments! 👇
#goldprice #SilverCrash #CryptoVsGold #MarketUpdate #TradingAlert
