Gold pushes toward $1900.
Spot gold holds above the 100 day MA yesterdaYesterday, the price of spot gold moved to a low price of $1848.80. That was just above the 100 day MA (blue line) at $1847.36. The holding of the MA line gave buyers the go ahead to step in and today we are seeing a rotation to the upside.
For now, good day for the precious metal helped by the 100 day MA bounce. Getting above $1900 is the next hurdle ahead, however.