24 Feb 2020 A top was found. For now.

I watched this top evolve with confidence it would continue. 7 years of trading and a great chart gives you high probability of being with the price. It has been racing to meet a top and once it was met it’s game over. This is a great lesson for new traders as these strong movements are normally supported by industry media creating a narrative that the momentum will continue. WRONG. PS I was caught by the same reversal in 2014 which cost me a lot of real money.

 

a top feb 20

Gold price grinds down

Seems the price is a war between traders who believe the price will go up and the big money who are putting selling pressure on it. hard to watch and trade with this sort of chaos but a trend will be created with time.