Gold edges to the highs of the day, up $11

Technical Analysis

Author: Adam Button | gold

Gold higher after two days of losses

Gold higher after two days of losses
Gold is up $10.80 to $1557 as it climbs to a fresh high late in the day.

Gold has been on the defensive after a spike above $1600 on the Iran strikes but has begun to consolidate around the September highs.

To get any real upward momentum it needs to get back above Monday's high of $1561. I'd like to see it happen in the day ahead. After that we're only a week away from lunar new year holidays.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose