Another Bullion Flash Crash Is Testing Traders
By GCRU Gold News on Saturday, July 8 2017, 23:10 - Permalink
“All fundamental factors aside, it does tremendous technical damage to the market,”
“There should be some effort to study this and come to some solution that will make for a more orderly trading pattern. This type of activity is not good for a fair playing field.”
The precious metal struggled to bounce back from its low on June 26 because the transaction pushed the price below the 200-day moving average, triggering automated sell orders set by algorithmic traders, thereby sustaining the slump.