Down -$2.00 ore -0.20%.
The price of spot gold has moved back negative and trades at around $1246. The high extended to $1253.48.
On the downside, the hourly chart has the 100 hour MA at the $1239.65 to get to and through. A move below takes some of the bullish steam out of the markets rise and we should see a further move lower toward the 1231 retracement level and then the 200 hour MA at $1226.31 and moving higher.