Same nonsense overnight as a 5 minute shows the $1750 to $1760 range gold has been restricted to since the Friday night smash.
There hasn't been any real attempt at sub $1750 so there is probably significant wholesale bidding at this level.
The $USD remains elevated and has a target around 95 which takes it into decent resistance.
The $AUD is not going to help gold stocks today by the look of it.
Things are starting to get a bit wild in junk bond land as the correction picks up steam and buyers are nowhere to be seen.
US treasury markets closed so tonight gets a bit more added into the mix.
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Looking at the Nasdaq and its the weaker of the majors as it hasn't managed to retest its 50 day ma. Its filled the upside gap so we'll see where it goes from here.
Crude oil chart hitting a new high albeit with an extended wick. and moving back into overbought.
It just don't matter where you look, pressure is continuing to mount everywhere you can see and where you can't see.
The fraudsters have got there hands full.
To them I say manger de la merde because they need to top up as that is what they are full of.
