Gold surges as traders struggle with the Washington drama

Price moves back above the 200 day MA
The price of gold has moved back above it’s 200 day MA at $1244.71.  Earlier in the month the price fell below that MA on its way to trend line support (see Red circle). The Washington drama from the Comey firing, to giving Russia intelligence, to the Comey memo, has finally led to the flight into the relative safety of gold today.  It is up about $22.50 or 1.82% today.   The 200 day MA is now support as the buyers take back control.