watching break of $1220. hoping for the breakout to validate
with RSI close to 70 and 100 day moving average at 1231.00 upside move is limited. expecting consolidation to continue for a few more days. still long term bullish on Gold
RSI at 34 seems pretty oversold and Moving average 50 crossing 100 is a good bullish sign.
forming a nice bullish trading range. weekly storage numbers have been decreasing and cold weather is on its way.