Gold lifts off the lows so far today- can it extend?

Gold did eventually take out the Asian low seen earlier in the day (just above $2,617) and that delivered a fall to $2,608.25 just after the 4pm London FX fix. A rebound from there was not sustained and the metal later closed in the US at $2,612.56. The main driver for the downside price action was due to higher US treasury yields, as the 10 year note nudged 4.60%. Those yields are still relatively elevated today, but Gold has managed to to make some headway back above $2,620 a little earlier. The range seen so far today has been covered by $2,611.02 to $2,621.47. The low seen yesterday was briefly below the much mentioned 100 day moving average, but Gold did not close below it last night. That 100 day moving average is in place this morning at $2,611.75. Immediate resistance is in place at $2,633.31 and thereafter at 2,667.61 (50 day moving average). Gold is currently trading at $2,620.25 and right now the scene is positive, but it is far from certain that Gold will remain in that mode the holidays loom