They are probably just shorting. They need counterparties. Gold is obviously in a new bear trend if you look at weeklies and monthly.
today gold nice long red candle. wonder what happened on 1 Mar 19. it had long red candle too jpy which tends to move very little also has long red candle.
down it goes again, after it broke the rising trend line on 16 Apr 19. well. The experts recently said price might go up to 1400.