đš PRECIOUS METALS SHAKEOUT IN PLAY đš
$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.
âïž 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.