The Really Useful Gold Thread

YEN GOLD...


We have seen a sharp drop from Yen64,800 to 57,200 - that's -11.7%.
The equivalent in Dollar Gold would have been $64 from $548 to $584.
That drop has generated an oversold reading, which is big enough to cause
a bounce.

But I dont think we have see The Low yet, just an A-wave down.

The Japanese are now back buying their own currency again:



... and forsaking Gold for the time being