The gold market initially pulled back just a bit on Tuesday but turned around to show signs of strength again.
As of this writing Gold is near important support as it traverses slightly above the 1760.00 level with rather fast trading conditions prevailing.
The gold markets initially fell through the $1750 level before turning around, but the market is likely to continue to see a lot of noisy behavior.
The gold markets rallied significantly on Friday but gave back the gains to show signs of exhaustion.
The US dollar shot straight up in the air during the trading session on Thursday as retail sales came out much stronger than anticipated.
The gold market has pulled back a bit during the course of the trading session on Wednesday as we trying to break above the 200 day EMA.
Gold markets initially fell on Tuesday to reach towards the support level near $1775.
The price of gold showed a modest move to the upside during early trading this week amid falling US Treasury yields.
Gold fluctuated on Monday as it stays within the same consolidation area it has been in over the last four days.
By the end of the week's trading, gold tried to recover above the psychological resistance of $1800, but the pressures brought it back to close around $1788.
Gold markets were choppy again on Friday as options expiration may have been a bit of a factor.
Gold markets have been all over the place during the trading session on Thursday as the market has been stabilizing after the recent selloff.
Gold has been subjected to selloffs that pushed it towards the $1783 level, settling around $1790 as of this writing.
Gold markets were very noisy on Wednesday, essentially standing still with a slightly negative tilt.
Gold markets got absolutely crushed on Tuesday as the liquidity came back into the market.