Gold just suffered its biggest one-day loss in 31 years! This is typical behaviour after a parabolic blowoff top reversal. Especially coinciding with record high bullish sentiment readings (DSI bullish traders a staggering 98%).
Another sign was the manic trade in gold ETFs and that central banks recently became net buyers of gold - for the first time in a generation.
Gold prices are now following the larger degree trend lower in gold stocks and silver. If gold falls below $1650 the reversal is confirmed.
