Gold fell from 902 to 889 in about 20 minutes. Good thing I got out yesterday.
This is the problem many traders face and this is a pure example of a 'churning' and maybe also a 'bull trap' . I am not calling it that yet but it looks like one.
It broke through resistnace, held there for a while and then broke down pretty quickly.
There are various targets on Gold but lets see how it behaves , I am not buying puts yet but if this downtrend catches speed it has a lot lower to go.
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RTO Gets Serious: October 1
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