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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.
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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.
The gold market initially fell during the trading session on Friday to reach down towards the 200-day EMA yet again.
Gold markets fluctuated during the trading session on Thursday but did not make a huge move.
Gold prices returned to a sharp decline with losses that reached the support at $1825 an ounce before settling around $1835 an ounce at the time of writing.
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I can think of nothing that makes for worse trading conditions than waiting on politicians.
For the second week in a row, the price of gold is in a bullish correction range.
Gold markets have rallied a bit during the trading session on Tuesday to break above the 50-day EMA.
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Sign up to get the latest market updates and free signals directly to your inbox.The attention of gold investors returned to the psychological resistance at $1900 an ounce, after recent gains in the price of gold pushed it to the $1868 level at the beginning of this week's trading.
Gold markets initially fell during the trading session on Monday but then turned around to show signs of strength again.
The beginning of last week’s transactions were completely different from those of week's end.