Gold breaks back above 200 day MA. What next?
Can the momentum continue?
The price of gold has extended above the 200 day AM today at the 1172.81 area. The price has been above this key MA on seven different days this month, with four closes above. The last six trading days have closed below. Can the market keep the price above this MA? That is the key from a technical basis to keep the buyers in control and potential for further upside.