The gold markets pulled back just a bit during the trading session on Friday, but then shot higher as we continue to see a lot of bullish pressure in general.
The gold markets have gone back and forth during the trading session on Thursday, as we continue to try to build up enough momentum to go higher.
The gold markets initially pulled back during the trading session on Wednesday but continue to find buyers at the $1550 level.
Gold markets have gone back and forth during the trading session on Tuesday as traders have come back to work.
The gold market rallied slightly during the trading session on Monday afternoon initially gapping lower.
The yellow metal ignored the strength of the US dollar amid purchases that pushed the price of gold towards the $1561 level an ounce.
Tensions between the US and Iran at the start of 2020 allowed gold to spike above the psychological $1,600 level for the first time since the end of the first quarter in 2013.
Gold markets have rallied a bit during the trading session on Friday, reaching towards the $1560 level.
Gold markets pulled back a bit during the trading session on Thursday, as US economic figures came out much stronger than anticipated.
For six trading sessions in a row, gold prices are moving within a narrow range between the $1536 support and $1563 resistance
The gold markets rallied a bit during the trading session on Wednesday, breaking above the top of the hammer from the Tuesday session.
A corrective performance of the yellow metal recently pushed prices to the $1536 level of, and before the important event today, prices rebounded to the $1554 level an ounce at the time of writing the analysis.
Gold markets have initially pulled back during the trading session on Tuesday but have found buyers underneath the turn around and form a bit of a hammer.
Gold markets fell a bit during the trading session on Monday.
Gold markets initially pulled back during the trading session on Friday, but then turned around to show the $1550 level to be supportive