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For five trading sessions in a row, the price of gold XAU/USD tries to rebound upwards, but its gains did not exceed the resistance level of $1926 per ounce.
The gold market embarked on a rally during Friday's trading session, only to relinquish those gains later, revealing an atmosphere marked by uncertainty.
Despite the strength of the US dollar during last week's trades, the price of gold XAU/USD tried to make gains but stopped around the resistance level of $1923 per ounce.
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The gold market initiated an effort to rally during Friday's trading session, yet subsequently relinquished those gains, displaying an aura of uncertainty.
The gold market displayed an initial attempt to rally during Thursday's trading session, only to surrender those gains and exhibit a sense of indecision.
Amid Wednesday's trading, the gold markets exhibited a distinct upturn, leveraging the rebound off the 200-Day Exponential Moving Average as a source of momentum.
For three trading sessions in a row, the XAU/USD gold price moved upwards, with gains that reached the $1922 resistance level, its highest in two weeks.
The price of gold continued its downward trend since the beginning of trading this week, in addition to the turmoil in the bond market.
Gold markets exhibited a noticeable upswing during Tuesday's trading session, building on the momentum.
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At the beginning of trading this week Gold futures rose slightly, supported by a weaker US dollar.
In the gold markets, the recent trading session on Monday showed a measured uptick in value, marked by a recovery from the 200-Day Exponential Moving Average.
By the end of last week's trading, gold futures contracts cut off a series of losses that lasted for nine days.
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Sign up to get the latest market updates and free signals directly to your inbox.Within the realm of gold markets, the recent trading session on Friday showcased a modest upswing in value, characterized by a rebound from the 200-Day Exponential Moving Average.
The continued strength of the US dollar after the results of the recent US economic data, and after the US Federal Reserve confirmed that it is determined to continue tightening its policy
In early trading this morning Gold is testing important mid-term support levels as nervous headwinds batter global markets and feed into selling pressure for the precious metal.