These three whales are buying the original chaos hedge
Source: Daily Crux
http://thecrux.com/these-three-whales-a ... aos-hedge/
Gold is extremely oversold and positively divergent based on its Daily RSI and both MACDs, which would suggest that at least a healthy bounce is overdue.
In summary, the technical picture is definitely bearish but perhaps too bearish, justifying a sizeable bounce after a $158 drop, which is reasonable based on such declines in the past.
But even if we get such a bounce, like in the second half of 2015, we may not have seen the low just yet.
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