Gold avoids a technically negative close and rises in Asian trading

Yesterday the fall below the 21 day moving average in Gold delivered a further move lower and that saw the metal come very close to breaking below $3,200. In the event it held a low at $3,202.03 and then rebounded. However, for a good while it was unable to vault that 21 day moving average again, in place just above $3,228. However, eventually it did and lifted into the US close. Gold closed in the US last night at $3,239.20. The 21 day moving average is in place today at $3,235. The drop back in the USD/JPY now this morning has seemingly helped Gold to reach $3,258.74 so far. Of course it will react to the jobs report later on and given just how volatile the price action was yesterday, we should expect more of the same today. Gold is right now at $3,253.90