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I think there's some manipulative selling going on by whales who are taking profits and simultaneously driving the price down by stop hunting and shaking out weak hands. Shake the market up a bit and then buy more at cheaper prices.All those stop loss sell orders just below US2,500 are going to get hit soon, and if I were trading gold that's where I'd be tempted go long.
I think there's some manipulative selling going on by whales who are taking profits and simultaneously driving the price down by stop hunting and shaking out weak hands. Shake the market up a bit and then buy more at cheaper prices.
All those stop loss sell orders just below US2,500 are going to get hit soon, and if I were trading gold that's where I'd be tempted go long.
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