Gold markets went back and forth during the trading session on Tuesday to show quite a bit of volatility at the crucial support levels that we have been dancing around.
Gold markets tried to rally initially during the trading session on Monday but gave back the gains to form a shooting star.
Gold markets didn't trade on Friday as it was Good Friday, but when we look at the daily chart it’s easy to see that the $1275 level is very important.
Gold markets went back and forth during the trading session on Thursday as we continue to see the $1275 level offer significant support.
Gold markets fell again after initially trying to rally on Wednesday, but then broke down towards the $1275 level again.
Gold markets got hammered during trading on Tuesday as we broke down through a major support line in the form of the $1280 level.
Gold markets fell immediately during trading on Monday, reaching down to the vital $1285 level.
Gold markets tried to rally initially during the trading session on Friday but struggled at the $1300 level.
Gold markets broke down significantly during the day on Thursday, in what looked a whole lot like panic.
Central banks announcements - the European Central Bank and the Federal Reserve - of their monetary policy did not support further gains for gold prices because they confirmed their announcements from previous meetings.
Gold markets rallied a bit during the trading session on Tuesday, breaking above the top of the highs from Monday.
Gold markets rallied during the trading session on Monday to break through the 50 day EMA and of course the crucial $1300 level.
Gold markets fell initially during the trading session on Friday, just as we did on Thursday.
As the Thursday session was very volatile, when I look at the hammer that has formed, it’s easy to see that the buyers certainly made a statement during the trading session on Thursday.
Gold markets did very little during trading on Wednesday as we continue to grind sideways.