The gold markets broke down significantly during the course of the trading session on Friday, slicing through the 50-day EMA.
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The gold markets have done very little during the trading session on Thursday as we await the jobs number for Friday.
In response to a stronger US dollar, the price of gold fell to the level of $1901 in Wednesday's session before returning to stability around the level of $1926 as of this writing.
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Gold markets fell during the trading session on Wednesday as the US dollar gained a bit.
The price of gold had a good start to 2021 after posting its best annual gain in a decade.
Gold markets initially pulled back during the trading session on Tuesday, but then turned around to show signs of strength again.
Despite the recent recovery of the US dollar, the price of gold moved upward towards the resistance level of $1945 an ounce, amid a price gap from last week around the $1893 level.
Gold markets have gapped higher to kick off the trading session on Monday and to start off the new year on the right foot.
In the last hours of 2020 trading, the price of gold received support from investors abandoning the US dollar, which usually has a negative correlation to the yellow metal.
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Gold markets rallied a bit during the trading session on New Year’s Eve, as the market is trying to break above a major trendline.
The price of gold received support from the USD's decline and tried to break through the level of psychological resistance at $1900 an ounce, which it reached at the beginning of this week’s trading.
The gold markets found buying pressure during the trading session on Wednesday, reaching towards the $1900 level.
Gold futures fluctuated during recent trading sessions as the yellow metal struggled to find a tangible trend during a quiet trading week.
Gold markets continue to hover just below the $1900 level during trading on Tuesday, as we simply have nowhere to be.
The price of an ounce of gold pushed to the $1900 resistance at the beginning of this week's trading, but quickly retreated to the $1869 support before stabilizing around the $1879 level as of this writing.