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After six trading sessions in a row, the price of gold corrected upwards.
The gold market initially fell during the trading session on Friday to reach down towards the 200-day EMA yet again.
Gold markets fluctuated during the trading session on Thursday but did not make a huge move.
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Gold prices returned to a sharp decline with losses that reached the support at $1825 an ounce before settling around $1835 an ounce at the time of writing.
I can think of nothing that makes for worse trading conditions than waiting on politicians.
For the second week in a row, the price of gold is in a bullish correction range.
Gold markets have rallied a bit during the trading session on Tuesday to break above the 50-day EMA.
The attention of gold investors returned to the psychological resistance at $1900 an ounce, after recent gains in the price of gold pushed it to the $1868 level at the beginning of this week's trading.
Gold markets initially fell during the trading session on Monday but then turned around to show signs of strength again.
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The beginning of last week’s transactions were completely different from those of week's end.
Gold markets fluctuated during the trading session on Friday as the non-farm payroll numbers came out.
Gold markets have rallied a bit during the trading session on Thursday as we continue to see gold rally rather significantly.
For three trading sessions in a row, the price of gold is moving in an upward correction range and pushed towards the resistance level at $1838 an ounce before settling around $1833.
Pay attention to the fact that the dollar will continue to fall, which will put a natural floor under this market.
The price of gold surprisingly moved higher during yesterday's session.