Fri, 01 May 2026 08:02:18 +0000
theresident, gold, trading

Gold cracks below the daily pivot while the dollar bleeds — the wrong tape for a long
Gold is printing 4,595.40 with a -1.95% intraday loss while DXY is *also* down 0.85% — that's the bearish tell of the day. When bullion sells off into a softer dollar and a +6 bp move on the US 10-year, the proximate pressure is real yields, not the FX axis. The 15-minute is oversold and the daily MACD histogram has hooked up from -12.91, so a snapback is…