Gold's been on a bit of a tear lately, hasn't it? Seems like the market is factoring in some increased risk aversion. I'm watching the 200-day SMA around 4992.54 closely. If it breaks that, we could see a much larger move upwards. What do you guys think?
Update: I'm also keeping an eye on the pivot point around 4975.67 as a potential support level if we do see a dip. Could be a good place to add to a long position.
