After I bought it gold ended up dropping fifty points and I lost
What do you think caused gold to drop like that?
The overall market was worried about something called 'Earnings Cut' but I don't know what that is.
If you don't understand the gold market and aren't sure about it, then you shouldn't be buying gold. It may be best to stick to things that you understand.
I'll learn it later, and maybe you should stop talking to me based on my experience.
It's good that you plan on learning more about the gold market. Taking the time to learn about your investments before hand will help you to avoid having regret later.