I doubt that it is one individual so called "Whale" Mate. Its probably more to do with overall demand and the Fraudster class continually bombing gold below $1800 creating bargains for buyers.
Having a look at a few updated charts here and the $AUD has continued its bounce and might be completing the action. A bit early to tell.
Likewise the $EURO below
Looking at the Dow and it continues to correct but on lessening volume.
Looking at a weekly on the Dow and its essentially testing its 50 week ma so far successfully.
The chart structure looks strong but we could be witnessing the "green shoots" of seriously corrective action.
A daily on gold shows it back above its 200 day as the yo yo game continues.
A weekly on gold shows a continuous flirt with its 50 week.
Must be gettin close to breaking away from it. You can certainly see the compression.
We shall see.
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