A "kinda random event."
Don't you mean a "kinda chaotic event" Joe.
I'm als0 picking a few up as from a risk reward event gold moving higher on the Fed is likelier than not.
They seem to be playing a game of pulling gold back down to $1300 before big meetings then allowing it to move up to the upper $1300's before capping it and dragging it back again.
This might be allowing them to cover their shorts without actually driving the price sub $1300.
If that is the case the next COT report should signify a decent cut back in commercial shorts.
NST Price at posting:
$4.22 Sentiment: Hold Disclosure: Held