Gold buyers look to be in charge again
The steady gains from last week’s low have continued, with gold nudging above $1230. From here we would look to $1240 and $1246, the latter being the 200-day and 50-day simple moving average (SMA).
Overall, the buyers look to be in charge once again, with the price action of the last few sessions indicating a turnaround in sentiment and momentum. It would take a drop back below $1215 to reverse this.