The 100 day MA comes in at 1166.79. High extended to 1168.39
Gold has been a beneficiary of the sharp fall in global equities this week, and in the process, the yellow metal has ripped through some technical levels. Yesterday the pair moved above the 38.2% of the move down from the May high at 1116 area. and moved right up to a combination of resistance from a downward trend line and 50% retracement at 1154. Today, with follow through selling of equiites, gold broke through that resistance and extended to the next target at the 100 day MA (blue line in the chart below). The high for the day extended to 1168.39. The 100 day moving average comes in today at 1166.79..