Gold comes back down toward key technical support after run higher.

Support in the $1258 to 1261 area now
The price of gold surged on the back of the US airstrike against Syria. The price moved from a low of $1250.65 to a high of 1269.53. In the process, the price moved above the 200 day MA at the 1258.57 level.  This was the first significant break above the key MA since the November election day. There have been little peaks above the MA at the end of February and again toward the end of March.  Earlier this week (on April 4th) there was another peak above the line, but the price moved back lower.   Today’s break is the most significant.