Gold drifted lower after hitting a high of 1696 yesterday on options expiry day. Some commentators highlighted a large number of 1700 April Calls that meant option writers wanted, and succeeded, in keeping the price pinned below the 1700 strike for expiry.
All in all, options expiry day can be strange and volatile and should not be watched too closely from a technical standpoint.
Today's video looks at the very short term picture and our views on where the market is headed after this brief, shallow corrrection.
All in all, options expiry day can be strange and volatile and should not be watched too closely from a technical standpoint.
Today's video looks at the very short term picture and our views on where the market is headed after this brief, shallow corrrection.