Gold still converging inside the defined range

Yesterday afternoon Gold did make a brief move below the noted 100 day moving average, then in place at $2,625.05. Gold fell to a low at $2,614.80, but it soon recovered that vertical move lower and later closed in the US at $2,636.47. It has managed to build on that rebound so far today. Of course that close was back above the 100 day moving average, which is still rising and in place this morning at $2,626.40. At the same time the convergence between that and the 50 day moving average is still unfolding. That 50 day moving average is still falling and in place right now at $2,653.67. The high seen earlier this morning was set at $2,646.79. The earlier low was set at $2,633.10. Gold is currently trading at $2,641.70