Gold markets pulled back slightly to kick off the trading session on Monday, as traders came back from the weekend.
Technical Analysis
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Gold markets initially pulled back during the week but found enough support near the $1305 level during the day on Thursday to turn things right back around and show signs of strength.
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Gold markets fell initially during the trading session on Thursday, as a lot of risk assets got absolutely hammered.
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Gold markets fell significantly during the trading session on Wednesday as the US dollar strength overcame the metals markets.
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Gold markets gapped a little bit lower to kick off the trading session on Tuesday, but then gained some of those losses back.
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Gold markets pulled back to kick off the week on Monday, filling the gap from early Thursday morning, before bouncing yet again.
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Gold markets pulled back a little bit during the trading session on Friday, as the $1325 level has caused too much resistance.
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Gold markets have had a significant couple of days, breaking well above the resistance barrier to go higher and clear the $1300 level.
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Gold markets rallied significantly during the trading session on Wednesday, as the Federal Reserve finally had is press conference.
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Gold markets rallied again during the trading session on Tuesday as we await the FOMC press conference on Wednesday.
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Gold markets have pulled back slightly after gapping higher on Monday, showing signs of underlined pressure to the upside.
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Gold markets exploded to the upside during the trading session on Friday, after forming three hammers in a row on the daily chart.
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Gold markets initially dipped during the trading session on Thursday, slicing through the $1280 level before bouncing again.
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Gold markets initially fell during the trading session on Wednesday again, but just as we had seen on Monday, the buyers came in to pick the market up below the 20 day EMA and form a nice-looking hammer.
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Gold markets fell initially during the day on Tuesday but then turned around to pop back over the $1280 level.
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