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Gold steps back from a new rebound high above $2,332

Following on from an update here much earlier today, noting the rebound in Gold, the metal has now extended that move even more. A moment ago Gold lifted to a new high on the day above $2,332. It has just backed off that high right now, but the rebound since the lows seen on Friday afternoon has now extended to more than $50. The next resistance level of note remains as it was since the beginning of last week and that is the 21 day moving average. That is in place right now at $2,340.40. The high seen so far this afternoon has been set at $2.332.12. Gold is currently trading at $2,324.50

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