Gold Plunges Into Bear Market. Forecast as of 03.02.2026

There were several signs of a bubble in the gold market. These included demand for ETFs that could not keep pace with prices, explosive volatility, and a break in correlations with other assets. As a result, the precious metal collapsed. Let's discuss this topic and make a trading plan for the XAU/USD.Major Takeaways Gold performed like a speculative asset. Volatility soared to 18-year highs. Wall Street banks remain bullish. Short trades on the XAU/USD can be opened on a rebound from 4,930 and