I personally dont reckon it would be central banks as such. Reckon its more likely american trading houses trying to scam the little guy. Smash through stop losses, cause heaps and heaps of automated stop loss selling then cover your shorts gradually as you feed news to the world about how gold is bearish in the short term. Such as analysis that suggested the swiss pinning their currency is actually bearish for gold (LOL!).
I personally reckon its the same brokerage houses who encourage retail traders to set stops who then have the power to smash those stops apart. Crazy
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I personally dont reckon it would be central banks as such....
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