Gold markets rallied during the trading session on Wednesday, breaking above the 50-day EMA yet again.
Selling operations by investors to close 2020 contracts contributed to stopping gold gains that pushed it at the beginning of this week’s trading to the resistance level at $1907 an ounce.
The gold market fell during the trading session on Tuesday, reaching down towards the 50-day EMA, just as we saw in the silver market.
There was a strong fluctuation in gold's performance at the beginning of this week's trading as it jumped to the resistance level at $1906 an ounce, followed by selloffs to the support level at $1855 an ounce.
Gold markets have fluctuated during the trading session on Monday to kick off the week, as we started off with a bang.
Investors are returning to risk aversion amid new global restrictions to contain the coronavirus outbreak and the emergence of more widespread strains of the disease in conjunction with the annual holiday season.
The gold market fluctuated during the trading session on Friday as people focus on the holidays.
Gold markets rallied significantly during the trading session on Thursday, reaching towards the $1900 level before pulling back.
Sharp losses in the US dollar were a major factor in the rise of gold and silver futures, especially after the conclusion of the monetary policy meeting of the US Federal Reserve Board.
The gold markets fluctuated as we await announcements regarding stimulus and the Federal Reserve, but we will continue to hear a lot of noise.
Amid continued pressure on the US dollar, the price of gold rose today towards the resistance level at $1855 an ounce.
Gold markets rallied during the trading session on Tuesday after stabilizing over the last several sessions.
After five consecutive bearish trading sessions, the price of gold was pushed to the support level at $1818 an ounce.
Gold markets pulled back during the trading session on Monday but seems to be finding buyers just below.
After six trading sessions in a row, the price of gold corrected upwards.
