Loading ...Every time gold goes down, it’s a market mistake, a distortion, and rights itself back up. To me the action is acting like the exact opposite action of the start of a bear market. I call it a reverse crash situation. Surprising higher highs. You sell something because you have a nice profit, and then watch it go higher later and you pay more.
When the market is crashing, you keep thinking it can’t go any lower, so you wait for a bounce to get out higher, and lower it goes you lose more instead.