🚨 GOLD CHECK: WHAT PRICE ACTION IS TELLING US
Gold plunged under $4,700, shedding roughly 13% in a single session — one of the most aggressive pullbacks seen in decades.
📉 What We Know • The sell-off followed Trump’s announcement of Kevin Warsh as Fed Chair
• Markets quickly repriced for a more hawkish Fed path
• A stronger U.S. dollar weighed heavily on non-yielding assets
• Large-scale profit-taking hit after record highs
📊 Levels & Signals to Monitor • The volatility spike suggests forced liquidations may be largely flushed out
• $4,600–4,650 stands out as the first key demand zone
• Price remains above the long-term trendline — this is a correction, not structural damage
• Central bank buying shows no signs of slowing (so far)
🧠 Market Take This looks like a violent reset after an overheated rally, not the end of the gold narrative.
Short-term pressure is real, but macro uncertainty continues to support gold’s role.
📌 Bottom Line Fear dominates in the short run.
Liquidity decides price.
Patience beats prediction.
