Well it's complicated but Dragis comments supported a strong Euro and that is often good for gold. We had multiple factors operating on the gold price, some of it via currency effects, others from perceptions of risk and then yield factors. Hard to separate all factors but net result was a very choppy trade. That drop to 1275 burnt a lot of retail traders - sometimes it's good to sit out when there is major volatility. Others may have risked it with no stop loss and done ok but lots of luck involved and impossible to chart it out on the technical side
