gold, page-94430

Major orchestrated selling operation launched yesterday at the aussie open at 10.am which continued down to the lows around 10.pm.
Same situation with silver which is being capped in the $25 range.
Gold is being capped around the $1730 range.
Gold indices overnight mildly corrective after a 4 day bounce when the fraudster algo's overshot to the downside ending in a two day unencumbered upside reaction.
They are heavily in the game.
Gold technicals have stochs moving into overbought territory on the daily which registered earlier yesterday. Certainly more upside room to run but the fraudsters will have to "allow it."
Weekly stochs remain mired around oversold levels
A lower aussie dollar should probably mitigate any negativity today especially as during yesterday the aussie gold stocks performed well against the backdrop of gold price pressure as sentiment continues to improve. So may that continue.


A weekly chart on gold puts the lows in a very heavy area of support and considering recent action the support is likely to hold.
We shall see.