Gold (XAU/USD) Price Forecast: Bearish Trend Faces Critical Test - FXEmpire
Gold (XAU/USD) Price Forecast: Bearish Trend Faces Critical Test - FXEmpire
Source: FXEmpire
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DW NOTE
Gold trading 24% below its January peak while the Strait of Hormuz sits effectively closed isn't a technical setup — it's proof that speculative positioning overwhelms every fundamental in real time. The metal hit $5,318 when the strait was open and is now $4,053 with 2 ships moving versus 85 per day. The "critical test" isn't chart levels, it's whether anyone still believes gold correlates with anything but leveraged flows.