Gold is approaching highs set earlier today around 1,485 and has received support from the weaker USD. Softer than expected US GDP numbers have seen buyers re-emerge with support noted on the hourly time frame around the 1,459 level which is the same level that initially capped on yesterday’s break higher. It should be noted that the 21 day moving average is lurking above at 1,492 with the daily high from Apr 15 just above that at 1,495.
