Gold up 1.4% today
Gold is up $18 to $1620 today.
The rally break above yesterday's high. A day ago, gold looked to be breaking out but the Fed wasn't as dovish as hoped and it sank back down afterwards.
Today, the bulls are on another run and have taken out the 200-day moving average in a rise to the highest since June.
A close above the 200-dma would be a strong bullish signal. Combine that with a strong seasonal pattern in Jan-Feb and gold is sparkling.
