This week's spike on gold to ATH reminds me of silver back in 2021, when "over-crowded" bullish trade caused the opposite reaction. So on gold, can be very similar situation now, especially as a drop from ATH looks like an intraday impulse back to an important 2k area.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.