Gold Slips Below Key 200-Day MA, Pops Right Back Above It
(Kitco News) - June gold futures prices Monday morning dipped below the technically important 200-day moving average for the first time since late-December, but then popped right back above it. This is one encouraging sign the recent selling pressure in the gold market could be ending. However, it will be important for June gold prices to hold above the 200-day moving average today. If such is the case, it would be one clue a near-term market bottom is in place. June gold was last down $8.20 at $1,315.10.