Capital Structure ReversalGold vs US DollarPEPPERSTONE:XAUUSDAvaTaylor💰 Fund Flow Analysis During the sharp decline, institutions and short-term traders heavily accumulated short positions at **4700–4800**, securing substantial profits. As gold bottomed near **4100**, massive short funds took profits, generating passive buying pressure and triggering a sharp rally, creating a powerful short-covering resonance. Although SPDR Gold ETF has not yet recorded large inflows, short-term bargain-hunting and safe-haven capital started entering moderately. Retail and institutional buying gradually returned, lifting bullish sentiment and reversing extreme pessimism. 📊 Capital Structure Reversal Early bottom buyers were trapped previously. With price stabilization and recovery, stop-loss selling faded significantly, and buying momentum outpaced selling pressure. Capital flows shifted from unilateral outflows → long-short balance → bullish bias, delivering sustained upside liquidity. Full fund absorption occurred around **4430**, where bulls gained dominance, laying a solid foundation for further upside momentum.