Gold markets initially shot higher during the trading session, but then pulled back as we got close to the $1800 level. All things being equal, this is a market that has been quite noisy, and overextended.
Since the start of this week’s trading, the XAU/USD gold price has been stable around the recent rebound gains, reaching the $1775 resistance level
Gold markets have rallied again during the trading session on Friday, as we have broken above the 200-Day EMA.
The gold market has shot straight up in the air during the trading session on Thursday as we continue to see a lot of volatility.
Although the US dollar recovered from its losses since the beginning of trading this week, Gold futures contracts XAU/USD are trying to stay above the $1700 level an ounce.
Gold markets have stalled a bit during the trading session on Wednesday, as we may have gotten a bit ahead of ourselves.
The continuation of the US dollar price allowed the XAU/USD gold price to move strongly upwards, breaching the psychological resistance level of 1700 dollars an ounce.
Gold markets have taken off on Tuesday as we have seen the US dollar take a little bit of a hit.
Since the start of trading this week gold XAU/USD starting what investors expect to be a tumultuous trading week.
At the end of last week's trading, XAU/USD gold prices rebounded strongly, taking advantage of the decline in the price of the US dollar
Gold markets have fallen a bit during the trading session on Thursday, but as you can see, have turned around to show signs of life again.
The strong US dollar’s momentum from the Federal Reserve’s announcement yesterday contributed to the evaporation of the first rebound gains for gold XAU/USD.
Gold futures are looking to start November higher, buoyed by a weak US dollar and expectations by the Federal Reserve to slow the pace of US interest rate hikes.
Gold markets have rallied significantly during the trading session on Tuesday but have also shown quite a bit of hesitation as the market has been very noisy.
At the end of last week's trading, the price of XAU/USD gold declined to trade at a new weekly low at about $1,638 an ounce.
