According to Michaël van de Poppe (@CryptoMichNL), gold has experienced a clear trend switch, correcting by 8% since its peak. This movement is driven by recent negative macroeconomic data, which has increased pressure on the Federal Reserve to consider monetary easing. While this environment may benefit risk-on assets like equities and cryptocurrencies, it signals short-term bearish momentum for gold as traders shift focus. Source: Michaël van de Poppe via Twitter (May 1, 2025).