Gold steadies in Asian trading

As you know by now, gold dropped to a low yesterday at $2,293.75. It later closed in the US below $2,300, at $2,298.23. It has traded sideways so far today around the $2,300 handle, with a slight upside bias. The price action is now right in the middle of its 50 and 100 day moving averages, a bit like that noted in recent days on the DAX. The 50 day is falling now and the 100 is still rising. They are in place this morning at $2,338.30 (50) and $2,252.50 (100). The current daily chart configuration remains uncertain and not exactly positive at this moment. The range seen today has been covered by $2,296.88 to $2,301.18. Gold is currently trading at $2,300.60