Gold finds a bid as volatile weeks winds down. Watch the close

Technical Analysis

Author: Adam Button | gold

Gold flirts with close above the September high

Gold flirts with close above the September high
Gold is up $8 to the best levels of the day to $1560 as it nears the late-day highs on Wednesday.

In the bigger picture, I think the weekly close matters. A close above the September high of $1557 would help to keep the uptrend intact despite the wild jump and reversal in the middle of the week.

We're still in the heart of a seasonal tailwind, especially ahead of Chinese holidays that run from Jan 24-30. That still leaves two weeks of run time.

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