Trump stopped golds run lower. Remember the 200 week MA at $1234

High reaches $1229.25

Pres Trump was also able to stop golds decline.

Gold has been moving lower on the back of a stronger dollar. With the dollar selling off, the price of gold has shot up too.

Looking at the hourly chart, the price is approaching the 100 hour MA at $1232.74. That 38.2% is around that area too.

Also not far away, is the 200 week MA at $1234.36. That MA was broken earlier in the week. I would expect sellers to put a lid on the market against that area - with stops on a break above....