What a correction Gold (XAUUSD) — 24H Market Overview👇
Past 24 hours, Gold experienced exceptional volatility. After reaching a local high near the 5,450 level, price faced strong selling pressure, resulting in a sharp correction of approximately 10%.
The decline was accompanied by elevated volume, indicating institutional activity and aggressive profit-taking following the recent parabolic move.
From a market structure perspective, this move reflects a blow-off top followed by a liquidity-driven retracement. Traders are now closely monitoring whether price stabilizes to form a base or continues to seek deeper support levels.
In the short term, patience is key🔑. Allow the market to establish ⬆️🔺️⬇️direction before committing to new positions🔍
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