100 day MA not far away
With anxiety about Greece and Ukraine/Russia peace deal still up in the air, Gold is finding some support in trading today.
The price is approaching topside resistance levels against the 100 hour MA (blue line in the chart above) and the 100 day MA (blue line in the chart below). Those levels come in at the 1215.66 and 1216.92 area respectively. The high in trading today comes in at the 1214.82. Yesterday the price peaked above the 100 hour MA but quickly moved back below. On Monday, traders tried to to break above and stay above, but eventually the line was broken again and the selling returned. Any move above the resistance will be eyed for failures. However, with both near each other, I would give the buyers the benefit of the doubt.
