Gold Price Risks 6% Drop as Smart Money Quietly Sells the Top
BeInCrypto
Gold faces a potential 6% decline as technical indicators and institutional hedging suggest smart money is selling at market highs.Summary
Gold is currently exhibiting bearish technical signals, including a descending channel and a head-and-shoulders pattern, with prices slipping below key short-term exponential moving averages. Market data from the CFTC highlights a divergence where commercial hedgers—often considered 'smart money'—are aggressively increasing short positions, while speculators continue to add longs. Furthermore, rising put-call ratios on the GLD ETF indicate growing institutional caution. If gold breaks below the critical $4,308 support level, analysts project a potential 6% drop toward $4,038.
(Source：BeInCrypto)