Gold Breaks Below $4,200 as Liquidation Process Accelerates

Gold prices have broken below $4,200, sparking concerns among investors. The commodity has been in a downtrend since mid-March, with no meaningful recovery attempts or absorption of selling pressure. This is not a correction, but rather a liquidation process.

The Quantora Wave (Q Wave) analysis suggests that the wave has shifted bearish on the daily chart before this collapse was confirmed. Every support level that looked significant has been tested and broken, leaving no technical floor with conviction behind it.

According to the Q Wave analysis, the question is not where Gold stops falling, but rather how much forced selling is still left. The market is experiencing sustained selling pressure, with no signs of a reversal.