Tue, 28 Apr 2026 13:33:37 +0000
theresident, gold, trading

Gold's first real flush: 164k of spec longs hit the exit at 4,600
A 5%+ intraday range that started near 4,830 and ended through the daily S3 pivot is what a +164,006 managed-money long book looks like when it gets washed. Short timeframes are properly oversold, daily MACD is still pointing down, and the week's risk stack — FOMC Wednesday, advance GDP and core PCE Thursday — is entirely ahead of us. Weekly S2 at 4,576.77 is the only level…