15 April is the largest one day decline from the previous day’s close @ -9.6%. Volume is already north of 530,000
There have been three rounds of liquidations.
- Asian liquidation
- European liquidation
- US liquidation phase . You are witnessing an historical selling climax folks.
- Another trigger for selling is CME Hikes Gold, Silver Margins By 18.5%
RSI shows gold to be the most oversold in 31 years…
Gold pushes down to the 50% retracement of the 2008-2012 swing low-to-high which comes to 1300 As of now low is 1325
Gold broke its 200 Weekly DMA after 10 years which is bearish signal