Gold markets gapped lower to kick off the trading session on Monday, as we continue to see selling pressure.
Technical Analysis
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Gold markets got absolutely hammered during the day on Friday, breaking below the crucial $1300 level.
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Gold markets initially rallied a bit during the trading session on Thursday but found enough resistance just below the highs of the previous session to roll over again, and now is sitting to test a major trendline
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Gold markets fell during trading on Wednesday as Jerome Powell spoke in front of Congress.
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Gold markets initially fell a bit during the trading session on Tuesday but continues to see buyers jumping in at roughly $1325.
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Gold markets pulled back a little bit to kick off the week on Monday, testing support at the $1325 region.
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Gold markets rallied a bit during the trading session on Friday, as we bounced from the significantly important $1325 level.
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Gold markets got hammered on Thursday as the US dollar strengthened a bit, and of course we had hit major resistance.
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Gold markets initially rallied during the trading session on Wednesday but found a significant amount of resistance of the $1350 level.
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Gold markets rallied significantly during the trading session on Tuesday as Americans came back to work.
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Gold markets rallied again during the trading session on Monday, gapping at the open.
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Gold markets rallied significantly during the day on Friday, reaching towards the $1325 level.
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Looking at the gold market, you can see that there is plenty of support just below.
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Gold markets struggled a bit during the trading session on Wednesday as we continue to see selling pressure above and near the $1325 level.
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Gold markets fell slightly during the trading session on Tuesday to kick off trading, reaching down towards the $1307 level.
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