Intermediate Term Trend: Positive
Friday’s Close: $1,252.90 (- $ 2.90)
UPDATE: Gold remains well bid but sold off $50.00 from the recent highs three weeks ago.
At this juncture, the “crowd” appears to be comfortable on the long side of this precious metal, as some degree of angst is present within the U.S. Equity market / Fed move / Inflation?
On a net basis the S&P is trading at the same levels as January 2015.
Key near term support is $45.00 under current levels at $1.207.00.