I personally think these sales were part of the shorts being...

I personally think these sales were part of the shorts being closed out in previous few weeks, everyone knew this rebalance was coming, everything since has just been gold price and sentiment just dragging us lower IMO.

Should see some stabilization or maybe even a bit of a rally today and tomorrow, Fed decision and speech out of the way, Gold going up, the inflation trade is on and Gold is now turning to bullish on almost all timeframes, everything except weekly it's bullish on a technical analysis basis at least for the short term.

This is either THE major bottom in Gold or there will be possibly one more spike down, although it's looking unlikely to spike down IMO, AUD may make the bottom a little less attractive though unfortunately