The British House of Commons has rejected the recent Brexit deal between British Prime Minister Boris Johnson and the European Union
The Gold markets did very little during the day on Friday as we continue to hover around the 50 day EMA.
The Gold markets initially fell during the trading session on Thursday, dipping down towards the uptrend line underneath that makes up a larger wedge that I have drawn on the chart.
A period of risk-on mentality gave traders an excuse to realize floating trading profits in gold,
Gold markets have rallied slightly during the trading session on Wednesday, as we are testing the 50 day EMA.
Gold markets fell somewhat stringently during the trading session on Tuesday but as you look at the longer-term chart, something should become relatively apparent.
Gold markets rose a bit during the trading session on Monday to kick off the week, as we said just below the crucial $1500 level.
Gold markets have been all over the place during the previous day, as Friday was the amalgamation of the US/China trade talks.
Gold markets have initially tried to break out during the trading session on Thursday as a rumor came out that the Chinese were going to leave the trade talks a day early.
Although the US dollar benefited from the announcement of the Federal Reserve minutes of the last meeting, which saw that financial markets exaggerated their expectations
Gold markets gapped higher to kick off the trading session on Wednesday, and then spent the day back and forth in what would have been most accurately described as choppy trading.
Gold is turning its short-term resistance zone back into support following a reversal from a previous breakdown.
Gold markets have rallied during the trading session on Tuesday, bouncing from the 50 day EMA.
The risk appetite and the abandonment of safe havens pushed the price of gold down to the $1488 support an ounce, after opening the week's trading around the $1508 resistance.
Gold markets fell hard during the trading session on Monday to kick off the week, crashing through the $1500 level.