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Gold markets initially fell during the trading session on Wednesday only to find support underneath and bounce towards the $1800 level.
Gold is trying to benefit from the weak US dollar, but its rebound gains did not exceed $1816 before stabilizing around $1806 as of this writing.
Gold markets initially fell during the trading session on Tuesday to reach down below the $1800 level.
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Gold had a strong bullish start this week as it jumped to the $1812 level before settling around $1809 at the beginning of trading on Tuesday.
The gold markets gapped higher to kick off the week on Monday, and then shot above the $1800 level.
Gold futures posted their biggest weekly loss in more than a month as a death cross pattern emerged for the precious metal.
Gold markets fluctuated during the course of the trading session on Thursday as we have heard a lot of noise just above the crucial $1750 support level.
Gold markets initially tried to rally during the trading session on Thursday but then gave back the gains early to turn around and form an inverted hammer.
For five consecutive trading sessions, gold has been sold off, having plunged below the $1800 support level yesterday before settling around the $1777 level at the beginning of Thursday's session.
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It certainly looks as if gold is in trouble.
Despite the weakness of the US dollar, gold prices closed sharply lower yesterday, reaching the $1790 support level before settling around the $1796 level at the beginning of trading on Wednesday.
Gold markets crashed into the $1800 level and below it during the trading session on Tuesday, as the interest rates in the 10-year note climbed in America.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold had a quiet start to trading this week amid a bearish trend, settling around the $1818 level.
The gold markets continue to look very quiet, but that is not a huge surprise considering that the Americans were away for President's Day.
Despite the weakness of the US dollar, gold declined at the end of last week’s trading, reaching the $1810 level, after gains in the same week pushed it to the $1855 level.