Gold pushes higher
Having stabilised yesterday the price has pushed higher once again, an indication that we may see another bounce. In this case, the target would be $1333, the 50-day simple moving average (SMA), and then the peak from the beginning of September at $1352.
The price needs to push above this level and break the downtrend off the 2016 highs to maintain momentum. The $1302 mark continues to provide possible support.