I'm not positioned in gold based on my long-term outlook. $PAXG
PAXG: $4,990.29 (+2.24%)
From a macro perspective, I believe gold could face a deeper correction—potentially in the range of 40% from its peak—before establishing a durable bottom.
Parabolic commodity moves often unwind harder than most expect, especially if real yields rise, the dollar strengthens, or liquidity rotates back into risk assets. Corrections of that magnitude aren’t unusual in extended commodity cycles; they tend to reset positioning, sentiment, and leverage before the next structural move.
For me, it’s about patience. I’d rather wait for capitulation and value than chase late-cycle momentum.
PAXG
4,989.92
+2.05%
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XAUUSDT
Διην.
4,985.87
+2.05%