FastSaying

It's dizzy high, and we're looking at a very overbought market. We're looking for a correction. It has to come at some point. However, given where oil is, it may well give some support on the downside.

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We are now looking to target about $534,50, with $539 probably the resistance. But I still think we need to see a break below $525 to see an immediate reversal in the trend.
— Darren Heathcote
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If we sustain this break for the duration of the day, then I think we will be looking to test $495 again.
— Darren Heathcote
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There's some profit-taking now, but look at where we are. It's broken $520, the target we had yesterday ... looks like $525 is the next target.
— Darren Heathcote
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There's definitely more buying in gold, obviously on inflationary fears. The funds have continued to buy.
— Darren Heathcote
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People will be eyeing $450 as the target. It may not be today. It will be very quiet in the States.
— Darren Heathcote
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