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Gold is finding a safe haven bid. Up 0.90% and trades at highest level since July


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Moves away from 100 day MA and the 38.2% retracment.

The fearful markets are driving gold prices higher with the price trading at the highest level since July 17th (at $1241.55 now). 

In the process the precious metal is moving further away from its 100 day moving average at $1222.10 and also above the 38.2% retracement of the move down from the April high. That level comes in at $1238.64. Stay above that level would keep the bulls firmly in control today. ForexLive

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