Gold’s price action over the past few months feels widely

Gold’s price action over the past few months feels widely misread.
Yes, it pushed higher, but beneath the surface it was largely retail driving the move while institutions were quietly stepping aside 
Layer in leverage through ETFs, derivatives and crowded positioning, and once momentum cooled, the unwind was almost inevitable.
So the pullback was not about fundamentals shifting overnight, it was more about positioning getting overstretched. $BTC 
When retail and institutions diverge this clearly, which side tends to be right?
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.css-1iqe90x{box-sizing:border-box;margin:0;min-width:0;color:#EAECEF;}Gold’s price action over the past few months feels widely misread.

Gold’s price action over the past few months feels widely misread.