Mar. 21 at 9:21 AM
$GOLD The "calm before the storm" is over. The market just experienced the largest weekly drop (-10.4%) since 1983 .
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That sideways trend we saw last month? Gone. Price has shattered the range, currently struggling below
$4500 after hitting a low of
$4477 . The Multiple Double Top patterns (1-Day, 5-Day) we discussed are now ACTIVE. The measured move target of 4467.4 is practically here, and if
$4450 gives way, the next logical support is the demand zone between
$4300–
$4200 .
Frameworks update:
Stage Analysis: Officially transitioned from sideways to a Downtrend.
Momentum: Ultra-bearish. This week’s selling volume was the highest in decades .
We are trading below all key MAs (150 & 200-day). The "Major support" at 1280 feels distant, but the immediate support is gone. The path of least resistance is down until we reclaim
$4600. Stay patient and trade the breakdown.
