Gold markets rallied quite significantly during the trading session on Thursday as yields in America fell.
In the middle of this week’s trading, gold tried to rebound higher, but its gains did not exceed the level of $1836.
Gold futures have struggled for direction since this week's trading began as the Federal Reserve revealed its willingness to raise US interest rates as long as necessary to fight inflation.
Gold markets initially rallied on Tuesday as we gapped higher.
For the second day in a row, the price of gold is trying to rebound higher to compensate for the losses of the recent selling operations, which drove it towards the support level of 1787 dollars per ounce.
Gold futures fell during last week's trading, officially erasing all their gains in 2022.
Gold markets have fallen rather hard during the trading session on Friday to reach down to the $1800 level.
Gold markets have broken down significantly during the trading session on Thursday, as the 200 Day EMA continues to offer a significant amount of resistance.
For the second day in a row, gold prices are trying to recover, reviving the momentum of safe haven buying after falling to its lowest level in 3 months.
Gold markets rallied a bit on Wednesday as we continue to see this market grind back and forth.
Gold prices continued to decline, losses of the yellow metal this week, and reached the support level of $ 1832 for an ounce, the lowest in three months.
Gold markets gapped lower to kick off futures trading Tuesday morning, only to turn around and fill that gap.
The price of gold extended its longest stretch of its weekly losses this year as investors look to higher Treasury yields
The gold markets fell on Monday to reach the 200-day EMA yet again.
Gold futures ended the last trading week with a rise around the level of $ 1892 an ounce. The lowest price for gold was after raising the US interest rate to the level of $ 1851 an ounce.
