GOLD(XAUUSD): Why The Massive Drop?

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold collapsed extremely hard due to trapped liquidity at the equal highs on the left.

Once banks had pushed the price up aggressively into this area, stopping out sellers, they then could proceed with their aggressive selling.

It is crucial to understand the concept of liquidity if you wish to make high risk to reward trades and understand the WHY behind price.

Good luck trading next week! Keep your eye out for traps like these.

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