most of the traders are longing right now for they think they have had the breakout and now price will continue to go up.
Little do they know that this is what they do; they trap dumb money, take the price opposite to the direction; take them out and then go in the direction they want.
Unless or until you dont know the structures; you will continue to lose money.
Right now gold is making a corrective structure for one more down before the up; but dumb money is buying right now...