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Gold markets have fallen a bit during the trading session on Friday, reaching down towards the $1460 level.
Gold markets got hammer during the trading session on Thursday, as we have broken below the important $1475 level.
After the price of gold fell to the $1480 support, the yellow metal is trying to recoup its losses by bouncing back to the $1494 resistance, which is where it is stable at the time of writing.
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Gold markets rallied a bit during the trading session on Wednesday, as we continue to see mass chaos in the financial markets.
Gold markets fell rather hard during the trading session on Tuesday, slicing through the 50 day EMA like it wasn't even there.
The US dollar returned to rise after better results from the US jobs report, and increased investor risk appetite with reassuring remarks from both sides of the global trade war that the deal was near.
Gold markets initially pulled back during the trading session on Monday to kick off the week, but then turned around to show signs of life
For three consecutive trading sessions, the price of gold moved up to the $1516 resistance, taking advantage of the pressure on the US dollar, which is inversely moving with the yellow metal.
Gold markets initially fell during the trading session on Friday as the jobs never came out stronger than anticipated but given enough time, we have seen the markets come back and end up forming a hammer.
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Third-quarter earnings season has been solid, but the global economy continues to slow down with manufacturing in most regions already in a recession.
Gold markets rallied a bit during the trading session on Thursday as we are heading towards the jobs figure on Friday.
There is no doubt that the US dollar weakness is a good opportunity for the gold prices rise
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Sign up to get the latest market updates and free signals directly to your inbox.The gold markets have been all over the place during the trading session on Wednesday as the FOMC Statement came out as well as the press conference.
Gold prices fell for the third day in a row, and the price of an ounce of gold reached the $1483 support, amid continued optimism over the US-China trade deal.
Gold markets have fallen a bit during the trading session on Tuesday but have also bounced from the lows to turn around and show signs of resiliency.