Gold correction approaches a critical support test as longer-term upside targets remain intact - Kitco
Gold correction approaches a critical support test as longer-term upside targets remain intact - Kitco
Source: Kitco
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DW NOTE
Gold has fallen 21.6% from its January high despite the Strait of Hormuz being shut, an active US-Israel war with Iran, and real yields deep in negative territory with 10-year Treasuries at 5.18% against 9%+ headline inflation. That tells you the drawdown isn't about fundamentals — it's a forced unwind. When leveraged positions liquidate into thin markets, price becomes whatever the last seller will accept, not what the metal is worth against debased paper.