You have been bagging RSG before entry recently in the middle of the tight range. Come back if it keeps falling into 94C. Massive weekly red candle and I am not so sure the momentum can check the strong 94C support. With XAUUSD and XAUAUD both at the top end of town, any pull back in these gold prices and you willn see the damage in RSG.
Unfortunately for DCN, the massive damage had been done this week as I drew in that $1.49/50 range support as the divergence widened between the gold price and DCN. Anyone buying at these basement prices will most likely be small swing traders or investors with "lazy" money just looking for a cheap home.
DCN Price at posting:
41.5¢ Sentiment: None Disclosure: Not Held
