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.
