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Precious Metals Capitulation: Gold Plunges 12% to Break $5,000 Support
Abstract：A historic liquidation event has hit the precious metals market, with Gold plummeting over 12% to break the key $5,000 level and Silver crashing 36%.
In a staggering display of volatility, the commodities sector suffered a massive liquidation event, seeing Gold (XAU/USD) and Silver (XAG/USD) post historic losses amid a severe unwinding of leveraged positions.
Key Technical Failures
- Gold: collapsed by more than 12%, shattering the psychological support level of $5,000 per ounce.
- Silver: crashed 36% to trade below $85.
Technicals
- Primary Support Breach: $5,000 (Gold).
- Industrial Hybrid Volatility: Silver underperforming below $85.
Analysis: Liquidity Shock?
The speed of the decline points to a “margin call” scenario or a sudden re-pricing of inflation expectations linked to shifting central bank narratives in the US.
Traders should exercise extreme caution. Volume gaps often lead to “dead cat bounces” before finding new fair value post-crash.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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