Gold has a look above 50 day moving average

For the past few hours Gold has been moving steadily higher and not long ago it breached the noted 50 day moving average which has capped the topside for several days now. As noted here earlier that is in place at $2,653.67. Gold has not long ago lifted above this falling moving average , rising to $2,656.35 and it is not far removed from that high right now. It remains to be seen if this upside break will extend, as indeed we have seen a few downside breaks below the 100 day moving average in recent times turnaround. Gold is currently trading at $2,655.45