re: ***gold plunging***** watch jpy Goblin, since you are so inept at calling anything to do with gold i am going to give a small pointer that may help
Asia, Middle East love gold, Japanese are leaders in savings
Now when the Yen is seemingly been allowed to break the supported BOJ levels at 115, you should consider the possibility that some of these saved funds which are earning 1% or so in the bank may flow into a 'safe haven' asset like gold
with the strengthening Yen + other Asian currenices they will get more gold than they would have normally
forget watching the USD price so much, watch the Yen price, Euro price
if they start to decline again to 115 yen and 1.10 euro you should see some selling out of Europe and asia, which should take gold back to 50ma around 370, if thats breached then 200ma should be some good support around 355 (those numbers will change obviously)
this may be a better indicator for you
imo gold wont get over 400 this month, maybe an October shock may get it rolling again
indicators for me appear to be topping out now on spot gold
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