Gold - This 10 year bullrun is over!

💀Gold (XAUUSD) just creates the final retest:

Gold is now almost back to the upper resistance trendline of the rising channel. From here Gold already created a sharp correction of about -15%. And such a massive drop usually indicates a clear bullrun top. Gold did not create bearish confirmation yet though.

$5,000

💀Gold (XAUUSD) slowly shifts lower now:

Despite all of the recent back and forth, Gold remains quite clear. After the parabolic bullrun, Gold is ready for a healthy correction and starting a distribution phase. It seems to be just a matter of time until Gold creates bearish confirmation and starts the drop.

$5,000