Gold - The most obvious top!

🪙Gold (GOLD) perfectly plays out:

Just a couple of days after publishing the initial analysis, Gold is literally starting to collapse. With a drop of about -5% within a couple of hours, we are now starting to see some real weakness on Gold. And the top formation is being created in the meantime.

$4,500

💰Gold (GOLD) is topping now:

Just over the course of the past two weeks, we saw major long positions being liquidated on Gold. Such a harsh rejection is usually the first sign of a bullrun top formation, perfectly matching with market structure. We just have to be very patient here on Gold.

$4,000