sold off today, shedding 8.5 points to close at 1225.5. As Gold
moves through the cloud, note that at the bottom is a confluence of the 50 Day moving average, the Weekly 21 period moving average ( gold
dots) and the lower Bollinger Band
. January 27 was the last time that Gold
met the 50 day moving average and that bounce led to the year's high. Let's see what happens at that 1210 - 1220 level.