Gold turns positive and trades to new session highs
Reaches a new intraday high of $1869.54 after finding early support buyers against its 100 day moving averageThe price of gold reached a new 2 month low (going back to July 22). That low reached $1848.88. It got close (sort of) to its 100 day moving average near $1844.
The USD is trying to make a move off the lows. The EURUSD is trading at North American session highs. The USDCAD is making new day lows. The AUDUSD and NZDUSD are bouncing low. If the moves lower in the dollar continue, we could see further upside potential for the precious metals.