Gold Price up so must be macro related.
DXY USD$ flat but in a V chart intraday, so something spooked the equities at ASX close.
So FMG got hit at close
longer red candle now with 52c body 17c neck & 0c tail
meaning closed at daily loaws
and below 23.50
so the 23.90 area prior higher high is showing resistance here
still its way above the support piviots of 21.50 & 22.50 but still zigzagging around 21-24 since 7 Jan to now going nowhere in a sideways pattern.
Where is the BB team with their $3B funds?! MIA.
SHORTS in charge today and made good profits
They await the BIG SHORT ive been mentioning, chart breaking down above 23 not a good sign.
26.00 top I called in Jan looking very far way away for some time now.
SHORTS are BURNING the LONGS.
FMG Price at posting:
$23.36 Sentiment: None Disclosure: Not Held
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