It is too quick of a turn for XAU to set record high and let little to none of traders to run along with the tip of the iceberg. Which is why I have a gut feeling that the turn was way too quick even for major banks to act upon. I expect a re-arranged highest high to be marked, and also,most brokers have with held real time data in order to carve their losses. Flip side I expect change in bond yields as well as the Feds intervention upon gold prices in order to stabilize the dollar and avoid rate-cut recession winds. A turn around at any mark between 2501.000 and 2525.300 is what I am expecting as a liquidity grab zone before descending to the designated mark of 2300.000 TP max.
Do trade with care and use proper risk management.