Gold broke the 55-day moving average today, albeit briefly. Gold is up $24 today and has gained 4.5% in the past week as the market prices in Fed printing.
Watch the close today because a failure to finish above the 55dma at $1342 could inspire a small correction. If not, the Sept 30 high of $1354 is the next target. If the anti-dollar trade continues the August high and 200-day moving average at $1434 are targets.
