$PAXG Gold falls as growing trade optimism and a stronger US Dollar trigger widespread profit-taking.
Gold drops more than 4% after reaching record highs near $4,380, pressured by a firmer US Dollar and improved risk appetite.
Positive trade developments between the US and China reduce safe-haven demand.
Technical analysis highlights a possible double top pattern on the 4-hour chart, suggesting a deeper pullback below $4,200 could be coming.
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