Why Gold's Worst Day in 12 Years May Not Mark a Top | Crypto Craft

  • Why Gold's Worst Day in 12 Years May Not Mark a Top

    From youtube.com/forexcom

    A weak UK CPI reading puts a potential rate cut on the table for the BOE, and gold's big drop yesterday has traders questioning whether the multi-year uptrend is ending. FOREX.com's Global Head of Research Matt Weller breaks down the key news you need to know ahead of the US Open, as well as taking a look at today’s chart of the day, Gold.
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Twocans
Oct 22, 2025 8:00am
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EUR/USD is about to clear major pivot point now. FYI
Blessed-man
Oct 22, 2025 8:27am
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You did not see Gold several best days and weeks in the last few weeks/month

What goes up sometimes come down (should not say always come down, someone will say; how about S & P and other indexes)
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tame1970
Oct 22, 2025 9:07am
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The market is in the hands of big capitalists. And they determine when the price goes up and when it goes down. If ordinary people like those few capitalists could unite, like in a platform, then they could resist the rise in the price of some goods. For example, by uniting in not buying a certain product in a short time. But that will never happen.
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Trader#C6A3
Oct 22, 2025 9:32am
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I told people here to hedge gold because it started acting like a meme stock a couple days before the sell off.

The move above 4k was obviously wild speculation, which is why I told people to hedge. However, it’s completely normal to have a pullback to 4k and do what’s called backing and filling. All completely normal as any real traders know.

It’s too early to tell where we are yet, have to wait to see if 4k holds or not.
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Trader#876C
Oct 22, 2025 8:06am
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Quoting Twocans
EUR/USD is about to clear major pivot point now. FYI
huh?
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