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8 months of work erased in 4 days

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@liam_calgary - 3 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?

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@george_kramer - 3 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!

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@pierre_r_carosso - 3 months ago

Someone somewhere is dumping

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@patrader - 3 months ago
Quoted - pierre_r_carosso

Someone somewhere is dumping

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

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@robert_sondreli - 3 months ago

The paradox of liquidity!

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@tony_xhan - 3 months ago

Check this image, certainly fundamentals at play

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@headies25284 - 3 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.

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@headies25284 - 3 months ago
Quoted - tony_xhan

Check this image, certainly fundamentals at play

Yes, fundamentals at play here big time.

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@kehinde - 3 months ago

This is what makes trading so scary

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@randolf_mercer - 3 months ago
Quoted - kehinde

This is what makes trading so scary

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

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