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Early on Wednesday morning, the gold market moved slightly, continuing the trend of sideways trading overall.
Since the start of trading this week, the gold price has been moving in a narrow range.
Although there has been a modest increase in gold markets during the early hours of Tuesday, we are currently trading within the same range.
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February 27, 2023. Gold Forecast and Analysis of the price of gold XAU/USD today
The gold markets began Monday's trading session with a slight downward slide as the short-term movement remains somewhat erratic.
Gold prices started this week's trading stable around the $2036 resistance level.
The gold markets fluctuated during Friday's trading session.
The gold market found support at the $2,030 level, which also happens to be the point where the market collapsed following the unexpected CPI data last week.
Gold prices are trading higher for the sixth consecutive session, riding a wave of US dollar weakness.
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During the Wednesday training session, the gold market was optimistic as we continue to witness a notable rally.
The price of gold is pushed higher.
During the trading day, gold climbed over the 50-day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.The price of gold has attempted to rebound higher, but gains have not exceeded the level of $2023 per ounce.
The gold market touched the 50-day moving average during Monday's trading session.
Recent strength in the US dollar has pushed gold prices lower.