Gold continues to leak lower as it falls below $3,450 (corrected)

Earlier this morning the fall back in Gold was noted here, after it had nailed the $3,500 mark and rejected the level. At that time, it was noted that it looked like a seller may have off-loaded a chunk of the metal and so it seems now. That is because gold has now extended the reversal to below $3,450 a moment ago and that means it has fallen back by more than $50 since that earlier record high, at $3,500.10. The question is; will this drop now see fresh buyers step in at lower levels? Well, most recently each time the metal has fallen back by around $70-80 it has seen buyers step back in again. We shall now have to see, if that pattern is repeated again today. Gold is right now at $3,444.40