The better-than-expected second revision for Q3 GDP prompted algos to instantly dump yen and precious metals.
Gold was slammed down top its 100-day moving average on around 45,000 contracts (almost $6 billion notional)…
The Feb Gold futures contract is finding support at the intersection of the 50- and 100-day moving average for now…
Silver is also suffering after being beaten down from its 200DMA (red)…
via http://ift.tt/2Bz7t14 Tyler Durden