How institutional profit-taking can build a ceiling over XAUUSD, and what traders need to understand when momentum starts behaving like a range.
Gold spent the first weeks of 2026 doing what almost nobody expected. It crossed $5,000 an ounce for the first time in history and then kept climbing, reaching an intraday record of $5,595 in January and closing out its strongest annual advance since the 1970s. The move looked unstoppable, but it was not.
By mid-July, gold had slipped below $4,000, a fall of roughly 25% from the January peak. Nothing about gold’s reserve credentials changed in those five months. What changed was who was selling and at what level they chose to sell.
This is the trillionaire cash-out. Large holders do not usually exit positions in one dramatic move. They distribute into strength and size at levels they have chosen well in advance, and the effect is a
This post was originally published on this site.
