Gold tokens have recently experienced another rapid correction. From XAU to PAXG, there have been obvious price pinning phenomena, which actually reflect an interesting market phenomenon—yesterday, a large amount of profit-taking was chosen to exit.

In simple terms, the chips are too heavy. This pressure cannot be消化ed in a short period; it requires time and trading volume to gradually release. Coincidentally, this period coincides with Christmas and New Year holidays, when market liquidity is relatively weak, providing more room for adjustment.

But from another perspective, this might actually be a good thing. Once the holidays are over and the market reopens, the accumulated chip pressure will have been largely released. By then, gold tokens are expected to迎来 a genuine upward trend. Based on the current technical analysis and market sentiment, reaching a target price above 5000 is entirely possible. The key is to get through this adjustment period and patiently wait for a rebound signal after the market opens.