Gold has erased earlier losses in Asia and is now trading $6 higher to $4100.
This is a good sign for gold bulls as both tests of $4000 held yesterday and now we’ve gotten through the Asia-opening hours that saw heavy selling yesterday.
The climb back above $4100 is a good sign and any close above that in the day ahead would be good news for the bulls. However I think it would take a rise back above yesterday’s intraday high of $4161 to create some FOMO.
This article was written by Adam Button at investinglive.com.
