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Gold markets fell a bit during the trading session on Wednesday, gapping to show signs of extreme negativity.
Before the outbreak of the deadly Covid-19, the global economy was amid a slowdown, fueled by structural issues.
Gold markets tried to pull back a bit during the trading session on Tuesday, but also saw some buying at the lower levels to turn things around and stabilize a bit.
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Gold markets gapped higher to kick off the trading session on Monday, as fear of the coronavirus spreading to larger masses continues to cause major issues.
Gold markets rallied significantly heading into the weekend, as Friday had seen the market test the $1650 level.
Gold markets have gone back and forth during the trading session on Thursday, as we had broken to a fresh, new high
Gold markets broke higher during the trading session on Wednesday, finding the ability to go to a fresh, new high.
It was natural for gold prices to continue to rise, especially with the persistence of global concerns about the continued outbreak of the Chinese Corona pandemic and its negative impact on the future of global economic growth.
Gold markets rallied a bit during the trading session on Tuesday, breaking above the $1600 level.
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The gold markets did very little during the trading session on Monday, as it was Presidents’ Day in the United States.
Gold markets have rallied again during the day on Friday, showing signs of strength yet again.
Covid-19 continues to threaten the global supply chain, and as volatility in gold increased, a bullish bias emerged.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold markets rallied a bit during the trading session on Thursday, but then found the area above the $1580 level to be a bit too resistive.
Gold markets have pulled back a bit during the trading session on Wednesday but turned around to show signs of life again in order to form a hammer shaped candlestick.
Gold markets pulled back a bit during the trading session on Tuesday but found enough buyers near the $1565 level to turn around and show signs of life.