Jul. 13 at 7:24 PM
$GOLD A classic parabolic reset.
After an incredible 7-month winning streak and a surge to a new all-time high around
$5,626, gold has now experienced a sharp pullback, down roughly 30% from the peak.
This type of volatility is common after extreme commodity runs -explosive upside moves often create the conditions for aggressive profit-taking and consolidation.
That said, major pullbacks can create opportunity. I’m watching
$GOLD closely as it moves into the sub-
$4,000 range, where the risk/reward setup becomes much more interesting.
The trend may be resetting, not ending. Patience creates better entries.
