Breaking: Gold prices collapse to $1,910 as huge profit-taking kicks-in

FXStreet Team FXStreet

Positioning squeeze has taken place as the bulls, feeling the heat, bail out in droves, triggering stop losses to the bottom of the abyss.

Gold is currently trading down 5.8% at $1,916, falling from a high of $2,029.98 on the day.

The bullish gold narrative has used up much of the dry-powder for the bulls, and while in aggregate positioning is not yet extreme, position sizes are bloated,

analysts at TD Securities explained.

Gold looks to complete a 61.8% Fib retracement

Further, gold's reaction function to real rates has shifted from a linear to a convex relationship, which could add to the pain as real rates ebb higher,

the analysts at TDS explained further.

Real rates have been on the incline since last week's Nonfarm Payrolls report which beat expectations. This, in the main, has also given the US dollar a boost, making a double bottom in the 4HR charts.

Author

FXStreet Team

FXStreet

EUR/USD struggles below 1.1800 ahead of US data, Fedspeak

EUR/USD remains trapped in a tight range below 1.1800 in the European session on Tuesday. The pair struggles amid a modest US Dollar strength and an improvement in risk sentiment, even as US tariff uncertainty lingers. The focus now remains on the US data and Fedspeak.

GBP/USD stays defensive below 1.3500 as USD firms up

GBP/USD stays on the back foot below 1.3500 in the European trading hours on Tuesday. The pair declines as the US Dollar rebounds from losses recorded over the previous two sessions. Traders will focus on the US weekly ADP Employment Change and Consumer Confidence data due later in the day, along with speeches from Federal Reserve officials.

Gold holds pullback below $5,200 amid USD uptick

Gold holds moderate losses below $5,200 in European trading on Tuesday, though it lacks follow-through selling. Following the previous day's knee-jerk fall in reaction to US President Donald Trump's new global tariffs and the subsequent bounce, the US Dollar attracts fresh buyers ahead of mid-tier data and Fedspeak.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

Supreme Court nixes tariffs, Trump teases 15% global tariff

On February 20th, the Supreme Court ruled that Trump’s global tariffs under IEEPA authority were unconstitutional, effectively nullifying the framework. However, the relief was short-lived. Within hours, Trump floated a 15% blanket tariff under an alternative legal authority.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.