Precious Metals Pull Back as Selling Pressure Increases
Spot gold declined 1.69%, trading around $4,040.57 per ounce, while spot silver fell 2.54% to $59.96 per ounce.
The move reflects renewed short-term selling pressure across precious metals, as traders lock in profits and reassess market expectations. Despite the pullback, gold and silver remain key assets to watch amid ongoing global economic uncertainty.
#Gold #Silver $BTC
$DOGE broke below $0.08, triggered $7.68M in long liquidations, and RSI is at 28
The $0.08 support level that held for weeks just gave way. Price dropped to $0.079, down 5.54% daily, falling below both the 9 and 21-day MAs. The breakdown triggered a cascade - leveraged longs forced out, panic selling amplified the move, sell volume hit 1.3B vs 1.1B buy volume. Futures netflow dropped 459% to -$46M in 24 hours. Derivatives market fully controlled by sellers right now. 😬
RSI at 28 - deeply ov...