For the third consecutive day, the gold market has been subjected to profit-taking operations since it tried to breach the psychological top of $2000 an ounce at the beginning of this week's trading.
Gold markets fell rather hard during the trading session on Wednesday to show signs of negativity, but we have turned around to show signs of life.
Gold markets have fallen rather hard during the trading session on Tuesday to break down below the $1970 level.
The gold markets rallied during the trading session on Monday to reach the $2000 area.
Although the strength of the US dollar and global central banks wanting to tighten their monetary policy throughout 2022, the price of gold continued to move within its upward path
Gold markets only had a limited amount of off-hours trading in the futures markets on Good Friday, but there was a little bit of action in the CFD market.
Gold markets initially pulled back during the trading session on Thursday but then turned around to show signs of life again.
Gold prices continued to rise, to continue its gains for the fifth consecutive session.
Gold markets rallied again on Wednesday as we continue to see plenty of bullish pressure.
The rise in US inflation levels coincided with the decline in US Treasury bond yields.
The gold markets rallied a bit on Tuesday as we gapped higher and then went to raise above the candlestick from the previous session.
At the beginning of this week's trading, the price of an ounce of gold moved towards the resistance level of 1969 dollars, the highest for the gold market in nearly a month.
The gold markets rallied significantly on Monday but gave back the gains rather drastically as the interest rates in America shot up straight in the air again.
Gold futures are struggling to stay in positive territory despite a stronger US dollar and higher Treasury yields.
Gold markets rallied a bit on Friday to reach the $1950 level, an area that will be important to pay attention to not only because it is considered to be a “midcentury mark”, but it is also an area where we have seen resistance previously.