Throughout the week's trading, gold futures are trying to stay above the psychological resistance level of $1800 an ounce.
Gold markets fell significantly during the trading session on Friday only to turn around and bounce enough to form a hammer again.
The gold markets fell significantly on Thursday to reach towards the same support level that we had seen during multiple sessions before.
Investors returned to risk appetite, which is negative for the price of gold.
Gold markets fell during the trading session on Wednesday but also found buyers at the same level it had on Monday.
During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.
The DAX Index rallied a bit during the course of the trading session on Tuesday as we continue to see the market try to pick up a little bit of stability.
Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily.
At the beginning of this week's trading, gold prices fell sharply to the $1795 support level, its lowest in a week, as the US dollar benefited from the high levels of risk aversion in the financial markets.
The gold markets fluctuated during the trading session on Monday as the 200-day EMA continues to be a bit of a magnet for pricing, so it is not a huge surprise to see that we came back to this level.
Gold futures are on track to capture a three-session winning streak at the close of last week's trading.
The gold markets fell rather hard during the trading session on Friday as money continues to flow into the bond market in America.
Gold markets have been all over the place during the place during the trading session on Thursday but have gone back and forth to show signs of hesitation at this point.
Gold prices continued to rise despite the level of the US dollar, pushing the bulls to the resistance level of 1833 dollars an ounce, the highest price in a month.
The gold markets rallied quite significantly on Wednesday to break above the 50-day EMA as Jerome Powell testified in front of Congress.