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The price of gold today succeeded in confirming the break of the uptrend that lasted for 17 consecutive trading sessions.
Gold came under selling pressure after reaching a multi-year intra-day high of 1,556.74 which is marked by the red rectangle in the chart.
Gold markets have fallen during the trading session on Tuesday, to break below the $1500 level.
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The price of gold today succeeded in confirming the break of the uptrend which lasted for 17 consecutive trading sessions.
Gold markets initially tried to rally during the day on Monday but then drifted a little bit lower.
The gold price today and now is one of the most searched words and monitored items by investors over the past two weeks, with the price of gold reaching the $ 1557 level, the highest in six years.
Gold markets went back and forth during the trading session on Friday, showing signs of exhaustion as we have possibly gone too far into short-term of a timeframe.
Gold markets broke down rather significantly during the trading session on Thursday as we continue to see a lot of volatility around the world.
Gold markets initially fell during trading on Wednesday but found enough support underneath to suddenly surge to a short-term fresh high.
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Gold markets rallied significantly during the trading session on Tuesday as traders came back to work.
Gold markets have been somewhat quiet during the trading session on Monday, which isn’t a huge surprise considering that it was Labor Day in the United States.
The Gold markets went back and forth during the trading session on Friday as we continue to see a lot of noise out there.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets fell rather hard during the trading session on Thursday, breaking down from the $1550 level.
Gold markets have gone back and forth during the trading session on Wednesday as we continue to dance around the $1550 level.
Gold markets are very likely to continue going higher given enough time, because although we ended up forming a massive shooting star during the Monday session, we have seen the market continue to try to grind to the upside.