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A temporary halt to the gains of the US dollar was an opportunity for the gold market to achieve gains at the beginning of trading this week.
Gold markets clearly broke out to the upside on Monday, clearing the resistance barrier from the last several days.
Despite the important and influential events that the gold market was exposed to last week, the gold price showed a distinguished performance as it jumped to the resistance of $ 1815
Gold markets went back and forth on Friday as the jobs number in the United States surprised to the upside.
Gold markets have rallied rather significantly during the trading session on Thursday after initially plunging.
The price of gold was flat after a three-day advance, as investors were reacting to a drop in US corporate employment ahead of the key US jobs report, along with global geopolitical tensions.
Gold markets initially sold off on Wednesday but then turned around to show signs of life again as we broke above the $1810 level.
The US dollar was subjected to selling operations recently to take profits after its sharp gains due to the expectations of raising US interest rates, which allowed the gold market to recover yesterday.
Gold markets spiked initially on Tuesday but have given up early gains as both the 50-day and the 200-day EMA indicators seem to be too much for the market.
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The gold market held on to gains, recovering from last week's sharp drop that came on the heels of an upbeat turnaround from the Federal Reserve.
I would anticipate a lot of noisy behavior in the short term, as the gold market will be thrown around by all of the interest rate volatility coming from multiple places around the world.
Last week was disastrous for the price of an ounce of gold, as prices fell from the resistance level of 1854 dollars to the support level of 1780 dollars per ounce.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets fell significantly on Friday to reach down towards the $1780 level.
Gold markets gapped lower to kick off the trading session on Thursday to show a massive amount of negative pressure.
The natural gains of the US dollar after the US Federal Reserve indicated the date for raising US interest rates.