Messing with gold!
Price manipulation
The talk of the town these days is about gold and silver. And for good reason, as gold and silver have been crushing the all time highs, almost daily.
But today gold and silver lost respectively 5 and over 6 procent. And quite fast it went down for both. Nothing surprising after such a run, but today shows once again that the gold price is a very manipulated market, same as silver by the way.
For people planning to invest in gold or silver in the coming days or weeks I can say to be careful and check the market movements closely.
Sincerely,
Pele23
Posted Using INLEO
0
0
0.000
Of course, price manipulation is everywhere and happens almost every day and is part of the market structure.the fact that there was a drop could be due to the establishment of an approximate calm in the world (politically and militarily).
The chart looks like a double top, definitely better to wait it out a bit before investing back into both.