Take a look at my chart and you will see why i am predicting this drop, i had a sell order set around 1600 because previously this area had been used as a solid level in 2011 and 2012 and as the saying goes HISTORY REPEATS ITSELF! The same is true in trading and this is because the big banks control the movement of the markets and do you really think the sit there all day staring at a screen waiting to enter the markets? NO is the answer to that, they have much better things to do like stealing money off innocent people ;p
What the big banks and institutions will do is set orders at key levels so when price hits these levels there order gets triggered and billions gets plowed into the markets from these orders going live so the market has a massive push in the direction of the trade.... Sound simple doesn't it? And i also hope this has changed the way you look at the markets in the future.
I have many more mind opening theory's and information so be sure to follow me so you dont miss out.
Also if you get in this trade please move your SL to breakeven when in profit as Gold is heavily manipulated bt president Trump.