Half million USD effort to re-test $0.45 next week?
$0.45 closing price floor marked in previously posted Fibo Levels. Should hold, but seems like some short sellers are not done yet covering and need to force the price lower? This puzzle me, since the big guns like K2 and MW do have a quite high average of their SI position and should have already covered.
Then there was a little notion of higher USD prices and maybe a little gold pullback next week?
12/27 is 9 trading days away - tax loss selling deadline. May the price move within channel 45c - 52c? It will be a very interesting time until 12/27.