There’s nothing I like more than a market that drifts higher without much attention. Gold has done it again late today is it climbs to $1327 from $1320. It’s not a magnificent rally by any stretch but it wipes out most of the retracement from early this week.

Technically, it’s a similar story. Aside from the break of the 200-day moving average, there is nothing that jumps out at you but when you put everything together, it’s a convincing picture.

Gold technical analysis Feb 21 2014

Gold daily