large correction in the gold price

The market has used Australian shares as a hedge against a falling USD. Today a lot of funds sold or shorted asx shares and invested in gold. This would explain why the gold price didn't fall much. The new demand for gold created from investors selling asx shares helped hold up the gold price.

Investors will now sell or short gold and the gold price will fall. This will allow investors to maintain their gold holdings while making a profit as the gold price falls.

Retail investors never have and never will have the power to hold up the gold price. If they did the gold price would never have crashed last recession.