Gold Closes Up Slightly After Intraday Touch of Support

Gold closed up 2 points on Tuesday even as the US Dollar gained ground fueled by strong consumer data. After the news came out, the precious metal slowly slid down from a high of 1258.4 to the low of 1247. But there it met support from both the 7 and 8 day moving averages and the inner 1.0 Std Dev Bollinger Band.

I am still waiting for the tag of the upper Bollinger Band, which is currently @ 1266.60. All signals are still positive.

Disclaimer: This post is for educational purposes only. Trading is at your own risk.