You can always speculate why it dropped so much.
To be honest. I just belive it broke out from a pattern and then everybody started to sell off. Look at the chart. It was pretty high compared to 6 years ago.
I waited for this to happen for at least 6 weeks. I dont understand why people gets so stressed up about it. This is totally normal. Espcecially as gold has been so high last years. It canīt go up all the time right?
Gold is still extremely high compared to years ago.
Look at all other markets. Everything goes up and down. Sometimes more than other weeks.
My forecast: It will continue to go down. But we will se a small retrace first. I think it will be around 5000-12000 pips drop next week.
Good luck guys. And donīt stress up and make up some theory why it dropped. It dropped because it had to drop!
To be honest. I just belive it broke out from a pattern and then everybody started to sell off. Look at the chart. It was pretty high compared to 6 years ago.
I waited for this to happen for at least 6 weeks. I dont understand why people gets so stressed up about it. This is totally normal. Espcecially as gold has been so high last years. It canīt go up all the time right?
Gold is still extremely high compared to years ago.
Look at all other markets. Everything goes up and down. Sometimes more than other weeks.
My forecast: It will continue to go down. But we will se a small retrace first. I think it will be around 5000-12000 pips drop next week.
Good luck guys. And donīt stress up and make up some theory why it dropped. It dropped because it had to drop!