Around 4amET, someone decided it was the perfect time to dump around half a billion dollars worth of notional gold into the futures markets.
The biggest single flush hit at 357amET with $228mm notional (around 1800 contracts) flushed to break below the 200DMA..
This ripped the precious metal’s price back to yesterday’s lows before it was quickly bid back up by yet more machines.
This post was published at Zero Hedge on Jul 19, 2017.
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