Gold turns lower after failure to break February high

Double top in gold?

Gold is coming under some heavy, quick selling pressure as some risk trades reverse.

Gold is down $25 quickly to $1642 in a 1.6% drop.

Double top in gold?

Gold was hit by a liquidation trade last week and I expect we will get periodic continued episodes. We touched above the Feb high earlier today but only momentarily.

Best in 2026

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