đ¨ PRECIOUS METALS SHAKEOUT IN PLAY đ¨
$XAU Gold and $XAG Silver extended their sell-off on Monday, accelerating losses after Fridayâs sharp rout. A stronger US dollar and aggressive profit-taking are draining momentum from the explosive rally that pushed both metals to fresh record highs just days ago.
What weâre seeing now is a classic post-euphoria reset: crowded longs locking in gains, momentum cooling, and short-term players stepping aside. This doesnât erase the bigger macro storyâbut it does signal that volatility is back and price discovery is underway.
âď¸ Key drivers right now
Rising dollar pressure capping upside
Profit-taking after an extended, parabolic run
Short-term sentiment flipping from greed to caution
Pullbacks like this often decide the next major legâeither deeper correction or a renewed launch once weak hands are flushed. Eyes on support⌠the next reaction matters.