Posted by on March 20, 2019 2:55 pm
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Categories: Economy

As Europe closed, it seems someone decided now was a great opportunity to puke over $1 billion notional of paper gold into the futures market to send the precious metal back below the key $1300 level…

Huge volume spike…

 

Spot gold broke back below its 50DMA…

But we note that buyers did step in and lift gold futures back above $1300…

Well it is Fed Day after all.

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