Technical Analysis

50% and 100 hour MA eyed As London traders head for the exits, the GBPUSD is leaking to the downside.   Technically, the price has moved to the test the 100 hour MA and the 50% retracement at 1.29484 and 1.20437.   Below that level is the swing levels from August 22 and August 28 at 1.2935
Gold down $10 on the day Gold bulls had a brief moment in the sun, partly fueled by some dovish musings from the Fed’s Powell last week but mostly by better sentiment, especially in emerging markets. Today it’s back to doing what it’s done all year — sinking. Gold hit a two-week high of $1214