RE:Gold bullion holding strong Risk_Assess999 wrote:
77% of sales on last Thursday Aug 17/2017 (when price was about to break $8.75 to the upside) where made by shorts as per RegSho Data reported by FINRA.
Also, on Aug 10/2017 (when PVG was about to break $8.75 to the upside) 76.91% of sales as per RegSho Data reported by FINRA were by Shorts ... so essentially what we've got here is a bunch of trapped shorts painting the tape at key resistance levels in an effort to protect their 9 figure short position.