Spot Gold (XAUUSD) : Testing its 100 day MA yet again
February 15, 2011 Leave a comment
Spot gold is testing its 100 day moving average at $1,365, up $3 since Monday’s New York close. If this level, which has held repeatedly in recent sessions, breaks then gold could swiftly push to $1,380. However buying interest doesn’t seem to be particularly strong, so another dip back to $1361 or so could occur quickly.