8 months of work erased in 4 days

@liam_calgary - 2 months ago - Risk Management

A friend of mine showed me this chart and it speaks volumes. It is a daily chart by the way and the picture tells how in 4 days, months of work can be erased. Thoughts?

@george_kramer - 2 months ago

You know how they say, when price is going up it takes the stairs but when it is coming down, it takes the elevator!

@pierre_r_carosso - 2 months ago

Someone somewhere is dumping

@patrader - 2 months ago

Quoted - pierre_r_carosso

Someone somewhere is dumping

Honestly 25% pullback on gold is not that bad at this point.

@robert_sondreli - 2 months ago

The paradox of liquidity!

@tony_xhan - 2 months ago

Check this image, certainly fundamentals at play

@headies25284 - 2 months ago

Funny enough, I was thinking of buying Gold yesterday till the ATH. My analysis was showing buy but got invalidated this morning and my bearish bias remains strong.

@headies25284 - 2 months ago

Quoted - tony_xhan

Check this image, certainly fundamentals at play

Yes, fundamentals at play here big time.

@kehinde - 2 months ago

This is what makes trading so scary

@randolf_mercer - 1 month ago

Quoted - kehinde

This is what makes trading so scary

Pull backs happen especially when a trend has been raging for a while