Gold Price Plunges Below $4,200 Amid Ongoing Liquidation

The price of gold has broken below $4,200, sparking concerns about its long-term prospects. According to a recent analysis on TradingView, this is not just a correction but rather a liquidation in progress.

The Quantora Wave (Q Wave) indicator shows that the wave has been in sustained selling pressure since mid-March, with no meaningful recovery attempt or absorption of losses. This suggests that every support level tested and broken has lacked conviction behind it.

As a result, the question is not where gold will stop falling but rather how much forced selling is still left to occur. The Q Wave indicator offers a free insight into this trend on TradingView, allowing traders to stay informed with clarity.