Gold tops January high but hurdles loom

Gold is at the highs of the day, up $21 to $1248 and narrowly topping the Jan 6 high.

A break would just the beginning of the technical hurdles for gold as $1250, the Oct 15 low of $1251, 55dma (at $1252) all converge followed by the Dec high of $1268.

gold technical analysis

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