A busy morning for Gold so far 26 June
Early tumble from $1255 to $1238, lows not seen since 17 May, saw a small rally above $1245 but we're turning lower again at $1241.
Causes of the original fall seem to be a combination of large sell order, USD demand and risk-on sentiment that also saw yen pairs rally. Talk of 18500 gold lots and 5500 silver lots going through CME in thin liquidity conditions.
AUDUSD retreated from 0.7590 to 0.7568 and we're sitting just above that at 0.7571
Demand into $1220 and $1200 should stem further losses for the moment.
Gold 60m
