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
What Happened The Last Time We Saw Gold Drop Like This?
Gold has 3 sell off in 2008,2011 and 2013. Stocks followed the Gold after some time as shown in S&P Charts.
