Huge volatility in the Gold space as Gold retraces all overnight gains so quickly back to $3177 where it landed exactly this time last night; wonder if it is a reaction to Barclays declaring no US recession in sight.
I did mention that consolidation could take a bit longer possibly to $2900-3000 zone so short term pain isn’t over and I think ASX market participants got too premature thinking the drop is over.
Trading gold stocks with such volatility only serves to trap you.
