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During Wednesday's trading session, the gold market experienced a back-and-forth movement, remaining just below the 50-Day Exponential Moving Average.
Since the start of this week’s trading, the XAU/USD gold price has been trying to stop the pace of its recent losses.
The gold market displayed mixed price action during Tuesday's trading session, as it oscillated near the 50-Day Exponential Moving Average (EMA).
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Since the start of this week's trading, the XAU/USD gold price has attempted to rebound to the upside with gains that reached the $1965 resistance level.
During a turbulent trading session on Monday, gold experienced a temporary dip, only to witness the return of buyers just above the $1960 level once again.
By the end of last week's trading, XAU/USD gold price reversed its bullish path, which pushed it towards the $1983 resistance level.
The gold futures market began with an initial attempt to break above the $2000 mark, only to reverse direction and demonstrate negative tendencies.
Gold markets experienced an initial decline during Thursday's trading session but managed to reverse course, showing signs of resilience and consolidation.
For three consecutive trading sessions, the XAU/USD gold price moved amid a rebound to the upside, with gains that affected the $1975 resistance level
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Gold markets exhibited indecisiveness during Wednesday's trading session, hovering just below the crucial 50-Day EMA.
For the second day in a row, XAU/USD gold price is trying to rebound to the upside to compensate for its recent sharp losses.
During Tuesday's trading session, gold markets experienced a slight pullback, causing a breakdown towards the $1950 level.
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Sign up to get the latest market updates and free signals directly to your inbox.XAU/USD Gold Futures fell during the quiet Memorial Day holiday session.
By the end of last week's trading, the XAU/USD gold price retreated from its session high at around $1957 an ounce, to trade at around $1937
The gold market witnessed a hesitant trading session on Friday, initially attempting to rally before succumbing to the pressures of higher rates in the bond markets and the strengthening US dollar.