If price was gonna go apesheet up, it would have front run Basel 3, not lag it. The fact that post basel 3 we see a collapsing gold price, it is because this Basel 3 is just a BS speculation based on some type of hope.
You can argue that price did go up prior then selling took advantage. This is bearish signalling me that bulls were trying to get out at a better price,
$1772 is the line in the sand for me, if the daily close below it today then watchout because it would either smash through the low either front running prior NFP this Friday.
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