I didn’t notice earlier that gold had a little jump up. The headlines pointed to the Fed’s Evans ruling out a Tapertober but the speech headlines said they may or may not taper in October or they may in December or January so there wasn’t anything to make the picture clearer. Either way Gold ran up and broke through the 100 H4ma and the 100 & 55 wma’s between $1341 and $1343.
We’re back below again now, but gold is still hanging on the taper trade and the US debt situation. If any one of those gets resolved then we could see some hefty losses coming.
