Everyday from EST 5am to 9am, there is a mini-smackdown on gold and silver prices. Notice that for a while, very consistent; if anyone can take advantage of it.
I usually look at weekly or monthly charts, for mid or long term price moment. Didn't zoom into intraday swing. According to your response, it seems that this market move had been on for long time? Why isn't anybody making a profit out of it?
Usually, that advantage taking by anyone annihilates the pattern and the opportunity it is. Also usually, the people that were aware of it, and take advantage of it, do not like that. http://www.tradermentality.com/2016/02/intraday-reversal-times.html "The average trader isn't aware of these intraday reversal patterns, nor do they focus on time frames or likely even bother to look at times throughout the day. Those who are not aware suffer a disadvantage to those who are. Some have been trading for years, and still have never realized these time through their own trading." So expect some negativity haha.
