Gold bounces back up today but buyers have work to do to regain upside momentum

Gold is seeing a modest bounce back up in European morning trade, after falling to around $4,335 at the tail end of Asia trading. The past few hours is seeing gold push back up to around $4,367 currently but buyers were dealt a bit of a blow in trading yesterday. That after seeing price fall back below both the 100-hour (red line) and 200-hour (blue line) moving averages: In seeing that break, the…