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 can´t 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 don´t 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 can´t 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 don´t stress up and make up some theory why it dropped. It dropped because it had to drop!