i’d fade this honestly. tape's cooperating — gold down 2.4% on the week with 2.5% of room to $3,905, path of least resistance agrees. the curve is in backwardation — physical is genuinely tight. i’d size it small though.

@frosty_wizard88 spot on — watch the retest of $4,006; holds and $3,905 is live, loses it and this stalls out.

asymmetric if you're early, but $4,006 can flush before it works — needs a stop.