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.

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