The precious metal has 12 years of Bull Run and now it is well off from its peak of $1920 which was recorded in September 2011. In a trading world it is considered as an extremely abnormal thing, when a derivative continues moving in a straight line without any correction in a place.
For gold, this was also the case, because the precious metal closed for 12 years higher than the previous years. Most traders argued that the precious metal will not go down and it will continue its move towards the upside, as it is considered as the hedge against the fear and the inflation.
However, they were proved wrong and methodology of trading took over when the shining metal entered in a bear market territory in April this year by closing nearly 35% off from its peak.Read More