August Nonfarm Private Payrolls came at 134K vs. 200K consensus. The data is suspect because it is an outlier compared to all other recent indicators of employment.
Momo crowd aggressively bought gold on weak data and ran it up about $13. The came Smart Money and slammed it. Expect a battle between the momo crowd and Smart Money today.
Our very, very short-term pre-market indicators are showing that profit taking is likely at least in the early going.