I have been talking about the ⚓️VWAP handoffs in $GC_F $GLD lately and the vulnerability of the ⚫️one from late 2024. Pressure has finally broken gold below that anchor as the market got trapped by the 🔴declining 20sma which is below the decl 50 and decl 200sma. Gold is in a bear market... The next level of interest is found at the 🟣⚓️VWAP handoff in mid 2024 ~3900. Buying ahead of that level for anything more than short term bounces seems like a recipe for losses.
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