It's Time to Short Gold: What Technical and Fundamental Analysis Are Revealing

Gold has been a shining star these days, chased as the best dollar-alternative safe asset, with three consecutive years of double-digit performance and a solid return of over 25%+ this year, enticing more investors to join the party. Doubts about U.S. exceptionalism, central banks rushing to gold, weak dollar, and elevated geopolitical tensions have all supported gold's momentum. However, at some point, the crowded trade has transformed gold into a speculative asset rather than its original hedging purpose. Technical indicators, early signs of fundamental shifts, and more evidence suggest it's time to move away from gold or even consider shorting it.