The Gold ETF rose strongly at the beginning of trade yesterday then fell heavily as the day progressed. It remains in a downtrend. The Gold ETF tends to trade inversely to the general market. So it's down trend suggests that the current pullback in the market may be short lived.
Last night Gold in Ozzie Dollars fell over one percent. That will set the tone for the opening price for the Gold ETF this morning.
It looks like a test of Friday's low is now on the cards.
Good luck
Red
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