Gold has broken through the Jan 2 high of $1694 and is testing the 55-day moving avg.
It could be some of the worries about Japanese printing or negative rates that are sparking gold buying. Otherwise, I can’t even guess at why there has been a $30 turnaround in gold in the past few hours.
If $1700 breaks, the next area of resistance spans from $1716 to $1723.
