Gold

Key insight

$4,334 now tests the 50-day MA zone — a daily close below $4,300 opens the 38.2% Fib retracement at $4,180 and shifts the near-term trend structure bearish after a multi-month parabolic run.

Drops 2.6% to $4,334 — sharpest single-day selloff in months, breaching the $4,400 round-number support as USD firms and equities slide into risk-off selling of crowded longs.

Main risk

USD/JPY at 160 — dollar rebound

USD/JPY +0.2% to 160.1 signals renewed dollar demand; gold historically drops 1-2% for every 1% DXY surge.