Gold is no longer a safe haven.

Open the H4 chart: every retracement is weak, any rise is immediately followed by a drop.

Buying pressure is not continuous, volume is decreasing, while the selling side is very decisive.

Gold is not moving out of fear anymore, but is being sold off as big players who have held for a long time start to take profits.

The fear is that many people still believe gold cannot drop significantly.

This belief is what allows the short side to continue holding.

Until there is a sufficiently large sell-off, until there is a real panic, there will be no reversal.

At this moment:

Limit longs. Look for retracements to sell further.

Holding shorts should be the strategy, not a gamble.

$PAXG $XAU #gold