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Gold price dives nearly 1% on a thin liquidity trading session on Monday as US markets are closed in observance of Presidents’ Day, while China’s new year celebration will keep the markets closed for over a week. At the time of writing, XAU/USD trades at $4,992 after reaching a daily high of $5,054.
💡 DMK Insight
Gold’s nearly 1% drop in a thin liquidity environment highlights the risks of trading during holidays. With US markets closed for Presidents’ Day and China celebrating the New Year, liquidity is low, making price swings more volatile. Traders should be cautious, as this environment can amplify movements, especially if unexpected news hits. Keep an eye on the $4,992 level; a break below could signal further downside, while a rebound might indicate a buying opportunity as liquidity returns. Historically, post-holiday sessions can see a return to normal trading patterns, so watch for volume spikes later this week. The flip side is that this dip could attract bargain hunters looking to capitalize on lower prices. If gold rebounds, it might draw in retail traders, pushing prices back up. Monitor the upcoming economic data releases, as they could provide the catalyst for the next move.
📮 Takeaway
Watch the $4,992 level closely; a break below could lead to further declines, while a rebound might signal a buying opportunity as liquidity returns.
