Technical pointToday we closed the July gap widely open betwen 0.45 & 0.49. Another gap is open between 0.41 & 0.435 that short sellers could try to reached. They could succeed
it gold resume is downward trend to 1800. Below that there is a resistance at 0.4.
Also if you look at trend since Mars 2020 current price has re-integrate the uptrend canal.
So it thing that the downside potential is very limited here.
Also anconda net value at this price level start to be very very appealing, so short sellers won't take the risk to push more.