Hello,Traders! A LOT of people were Shorting GOLD from the ATH Especially given how strong The resistance level was. And they were quite right in doing so. What we are seeing on the chart right now Is a clear sign of a massive market manupution Because the ATH has been move up by Almost 5% and such moves on GOLD Are impossible unless the key market Makers make a deal. This is a typical mammoth hunt Strategy with the domino effect kicking in When people's SLs started getting hit The margin calls added fuel to the fire. But whatever the reasons for such a move, it Proved TWO trading axioms: 1) We ALWAYS use Stop Loss 2) We do not trust the market Those who shorted without SL Have lost their accounts for sure. And after the fakeout did it's job the Price went down from the horizontal Level just as I predicted. A very interesting market we are seeing Now but a dangerous one as well So be careful and use small lot size and SL Like, comment and subscribe to help us grow!
A crime, a criminal act, only possible because this market don't have regulation, think twice before saying Crypto is a scam, gold is a "institutional" scam
@TopTradingSignals like you said in your perfect analysis I was also expecting 2090 top, then down. for those who earn from this, congratulations you were lucky, that's it, but be aware because next time the manipulation could "bite" the other way around