Gold exposure in China has reached euphoric levels, just off decade-plus highs, sparking discussions about a potential new gold mania. Analysts are observing a pullback in gold prices after failing to close above $2,700 in COMEX futures, with key support around $2,600. The short-term outlook suggests a potential bearish cross in the MACD indicator, indicating further pullbacks towards the 0.382 Fibonacci level around 2615. This pullback is seen as healthy behavior, allowing gold to consolidate its energy for the next leg up. The gold market remains in a bull phase. Prominent financial voices, including Jim Rickards, are advocating for the U.S. Treasury to buy gold, while Peter Schiff predicts that gold prices could surge to $26,000. Rickards also mentions this could be the biggest monetary shock in 50 years.