Futures
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Gold
One platform for global traditional assets
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Cara, I was watching gold and saw that heavy drop below $5,000 per ounce. Man, it even fell to $4,878, it was a bit scary to see it happen so quickly. According to the analysts I follow, like those who work with market data analysis, this break below $5,000 triggered a bunch of stop-loss orders that were hanging around there. Result? Cascading sales that accelerated the price drop in a short period. That's what happens when support breaks, right? Traders who were long got a shock.