negative end of week for prices - close below old all time closing high 18181 ish and close below round number 1800
so now has to test old trading high which took a few goes to clear at 1771 ish as it looks for support
strange week with data feeds of gold.org not displaying correctly on graphs as well as ***** from Tuesday
aud gold price a big fall to end the week at its lowest point however you wouldn’t know that with such spectacular rebounds on majors here on options expiry Thursday and follow through yesterday - I don’t know if that was a monster short cover rally or buyers looking for bargains expecting gold to close the week higher which it looked like doing after 3 big attempts from Wednesday to get back over 1818 ish
either way the price action did not work out ay week end and locals here saw a big weekly decline in margins with pog aud at low at weeks close together big rise in energy prices
who knows what happens Monday - major etf of gold stocks finished flat and rebounded to ignore the gold price action all week
good news imo for those that took the punt on majors mid week- big gains off the bottoms already despite the gold price so plenty profit there to be booked if so inclined
wild days indeed - will
Find support at some stage but it hasn’t yet clearly