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Gold markets look like they are ready to pull back a bit during the next couple of days.
Gold markets have rallied a bit during the trading session on Thursday, as traders came back from Christmas.
With the return from the Christmas holidays, the gold prices stabilized above the $1500 psychological resistance
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Gold markets have exploded to the upside during the trading session on Tuesday as traders continue to take advantage of the massive breakout.
As we expected before, the stability of gold prices for a long time and for several sessions foreshadows a forthcoming price explosion.
Gold markets rallied a bit during the trading session on Monday, and what would have been relatively light trading volume.
Gold markets will be very quiet this week unless of course we get some type of headline coming out of the US/China situation that moves the markets.
While the long-term fundamental outlook for gold remains extremely bullish, traders should expect a short-term pull-back over the holiday-shortened trading week.
Gold markets have rallied slightly during the trading session on Thursday, reaching towards the top of the downtrend line.
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Gold markets have done a lot of back-and-forth trading as of late, as we continue to hang about the 50 day EMA.
Gold markets initially tried to rally during the trading session on Tuesday but continue to find plenty of sellers above.
On the gold daily chart, price is moving in a narrow and limited range despite the announcement of important economic data and global developments
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Gold markets initially tried to rally during the trading session on Monday but as you can see gave back quite a bit of the gains.
The gold markets rallied during the trading session after the Americans and the Chinese agreed in principle to the idea of a “phase 1 deal” but left a lot of confusion as to exactly what was agreed to.
Safe-haven assets like gold are in demand as portfolio managers make year-end adjustments to their positions.