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.
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Silver is also suffering after being beaten down from its 200DMA (red)...
