Gold technical analysis
Gold is now the best-performing commodity year-to-date as it surpasses copper. It's also one of the best performing assets overall and volatility has been low.
The slow climb this year has largely erased the losses since the election but there is still some work to do.
Last week, I wrote that a test of $1300 looked "awfully appetizing" and noted that the 200-day moving average was one of the levels standing in the way. It gave out today in another green light.
The risk for gold is month-end and USD strength on the Fed or Trump but those are two-sided risks and the technical are strong.
