Not sure you can say it's a "Low volume peak" as we are still on track for a 4m unit day. Clearly, healthy volume relative to the average daily volume.
I think quite the contrary, we have seen a 5% rise this morning and the price is simply taking a breather at this level. It also coincides with the one and only decent sell order (79k) in there at $2.85 acting as a blocker (a bit of a distance from the action).
I'm thinking we will see a continuation of the price rise after the main driver(s) returns from their long lunch.
GXY Price at posting:
$2.81 Sentiment: None Disclosure: Held