GOLD 0.51% $1,391.7 gold futures

gold, page-116687

  1. 10,790 Posts.
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    Looking at a 10 minute on the game this week and we have big smashes and lows forming in the early hours of US trading.
    This is simply an orchestrated rinse by "club members".

    https://hotcopper.com.au/data/attachments/5004/5004421-fb77ec19ef7798ecd00159b5f3b46140.jpg


    A daily on the game with the continued consolidation with this weeks rinses clearly visible.

    https://hotcopper.com.au/data/attachments/5004/5004431-d2b91b1ff80820f0a7766f713cc33baf.jpg

    GDX back down into the mix as volume edges lower.

    https://hotcopper.com.au/data/attachments/5004/5004443-f8542fb848d3e7b5f308092d78f27c8d.jpg

    Aussie remains very elevated.

    https://hotcopper.com.au/data/attachments/5004/5004457-e3d53381cd8e379a89df4bed58ae26bb.jpg


    US Dollar refusing to hit its weekly target. So far.

    https://hotcopper.com.au/data/attachments/5004/5004465-271278ceedde7d6a722fe13d788d3b9b.jpg

    This week was essentially all about nothing apart from the fall in the aussie gold price, no doubt affecting aussie gold shares along with earnings reports.
    Support for gold on the daily remains at $1927.75 while long term support/resistance remains at $1926.92
    Markets remain liquid as we await the coming crunch and seek out the catalyst. Could be the coming Russian escalation but there are just too many possibilities to list. And they are building.
 
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