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In Tuesday's trading session, the gold market experienced a modest rally, testing the upper boundary of a consolidation range near the $1940 level.
Continuing the movement at the end of last week’s trading, the XAU/USD gold price is moving within a rebound upwards, with gains that affected the $1934 resistance level.
Gold markets experienced a slight pullback during Monday's trading session, but then rebounded as value hunters entered the marketplace.
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The bearish market for XAU/USD gold price pushed prices towards the support level of $1902 an ounce.
Friday's release of the Non-Farm Payroll numbers revealed the addition of 209,000 jobs in the previous month, falling short of the expected 225,000.
The gold market experienced a back-and-forth trading session on Thursday, influenced by unexpected ADP numbers that were nearly double the anticipated figures.
The return of the US Central Bank’s emphasis on the future of raising interest rates, despite its recent decision to maintain US interest rates, helped the US dollar achieve its gains.
Gold markets opened on a bullish note on Wednesday, indicating a potential upward trend.
As is the case with other markets and trading products, the gold price has been moving in very narrow ranges since the start of trading this week in light of the American holiday.
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Gold markets showcased limited activity during Tuesday's trading session, which coincided with Independence Day in the United States.
The gold market experienced a temporary decline during Monday's trading session, only to find significant support around the $1915 region, leading to a notable rebound.
The US dollar recently recovered with positive momentum from expectations of raising US interest rates, causing downward pressure on gold, which retreated to the $1893 support level last Thursday.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold, renowned for its volatility and status as a symbol of wealth preservation, experienced a significant decline in Friday's trading session.
Gold experienced a significant decline during Thursday's trading session but found support at the 200-Day Exponential Moving Average (EMA).
Throughout this week's trading, the XAU/USD gold price is in a downward correction path, as a result of which it pushed towards the support level of $1902 an ounce.