NY session high reaches $1314.90 vs 100 hour MA at $1316.22

The price of gold has rebounded higher in the NY session. That move higher has taken the price back toward the 100 hour MA at $1316.22. The high just reached $1314.90.

The price of gold has been moving down off Thursday's highs on the back of a stronger dollar after the US employment report. The USD remains the strongest currency on the day which makes the rise a bit head scratching. That may help to put a lid on the rally (with stops on a break above).

Gold is moving back to the 100 hour MA on a corrective move higher.