Gold is catching its breath after the big run.
$XAU is around $4,060, down 0.58% today, and momentum is fading.
RSI6 is near 70, KDJ is overbought at 84/80, and MACD is still green but the histogram is shrinking. Buying pressure is losing steam. A pullback looks likely.
Key level: $4,045. Lose that and we could see $4,030 next. Hold it and buyers get another shot.
I shorted at $4,060. TP1 $4,045. TP2 $4,030 if SAR breaks.
Relative strength right now: $XAU, $ETH, $KAITO, $ZAMA, $SOON, $ALLO, $ZEC, $LAB.
The rest of the market is heavy, especially low-liquidity alts: $BEAT, $SHIB, $WLD, $UB, $FIL, $LINK, $ONDO, $HYPE, $DOGE, $XRP, $ADA.
Gold’s safe-haven story is intact, but short term it’s profit-taking and rotation. We need fresh inflows to confirm the next move.
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