Just like BTC Gold dives and rebounds

The move lower in BTC overnight just noted in the previous update saw the metal slide too. The metal fell to $2,613.67 earlier today. Gold was already falling back yesterday afternoon, once it busted below that noted trend line support, at $2,637. Gold had closed in the US at $2,631.67. However, as with BTC the metal has rebounded off that low and risen to $2,644.57 not that long ago. It is off that high now though. Higher up, the noted resistance from the 50 day moving average has seen that turn lower. It is in place this morning at $2,667.65. The 100 day moving average is still rising though and in place today at $2,583.30. Hence, despite the price action over the past 12 hours, Gold is still very much sandwiched in between these two levels. Gold is currently trading at $2,638.20