Gold flirts with close above the September high
Gold is up $8 to the best levels of the day to $1560 as it nears the late-day highs on Wednesday.
In the bigger picture, I think the weekly close matters. A close above the September high of $1557 would help to keep the uptrend intact despite the wild jump and reversal in the middle of the week.
We're still in the heart of a seasonal tailwind, especially ahead of Chinese holidays that run from Jan 24-30. That still leaves two weeks of run time.
