The gold $XAU should not have peaked yet

After this pullback, gold's upward inertia may last for a few more days, or even rush towards $5,800 or $6,000. Because in panic, prices are irrational.
From the perspective of technical graphics and historical laws, the current market is in the short-term blow-off top stage.
1 : extremely emotional
A three-day increase of $500 (10%), a rate that usually only occurs at the final climax before the bubble bursts. Most of the current buying is panic buying by short sellers and forced covering after short positions are liquidated.
2. Physical limits
No asset can go up all the way at a 90-degree angle. This accelerated rise is often accompanied by significant profit-taking pressure.
My verdict is:
Gold's upward inertia may pause for a few more days before rushing towards $5,800 or $6,000. Because in panic, prices are irrational.
But what follows must be a flash crash. It could plummet by $300 to $500 in a day to purge speculators chasing higher.
Therefore, there may not be a few days left in the short-term surge, but there may be a final rush in space. #金价突破5500美元