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Zero Hedge: Gold drops to key support after $2 billion purge

Section: Daily Dispatches

From Zero Hedge
Monday, November 20, 2017

After surging above its 50-day moving-average on Friday, it appears someone is keen for that key technical level not to hold as they dumped almost $2 billion notional in seconds this morning, testing down to the 50-day moving average.

Fifteen thousand contracts dumped in under two minutes. ... But for now the 50-day moving average is holding. ...

... For the remainder of the report:

http://www.zerohedge.com/news/2017-11-20/gold-drops-key-technical-suppor...



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