Gold not finding risk haven buyers yet this afternoon as $2,600 comes back on the radar

As the US stock markets plummet further and the Yen gains across the board you can see this is clearly a risk-off driver. Indeed that has also delivered more downside for BTC since the previous update. The lead coin has now traded below 91,400. Perhaps rather strangely to some, this whole dynamic has not helped gold much right now either. Earlier the metal did recover back above its well noted 100 day moving average, rising back above $2,620, but it did not stay up for long. Since then Gold has fallen back and come close to the $2,600 handle. This was noted earlier as the next level of interest for Gold and as you can see it is well and truly in the crosshairs now. The one reason to possibly account for why the metal has fallen back could be due to profit-taking on long Gold positions to cover stock market losses? That is not a certainty, but would seem to explain why it has not yet garnered any risk have status this afternoon. The low seen so far has been set at $2,600.98. It is currently at $2,603.75