Gold edging back towards technical support level (corrected)

Gold has been on the back foot for the past couple of hours and just now the metal slipped to a fresh session low underneath $2,620. The low seen so far has been set at $2,619.07. This fall comes from an earlier session high, at $2,638.35 just ahead of the European stock market opening. That means gold has now dropped back pretty close to its 100 day moving average (now at $2,616.15). The move lower comes even as those US yields drop back slightly and the Yen is not any weaker versus the dollar. Gold is currently trading at $2,619.85 and it remains to be seen if that 100 day moving average will be put to the test and if it is, whether or not it will cap the downside move seen so far today