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Gold prices tried to rally during yesterday's trading, but the gains did not exceed the $1286 level an ounce, after falling the previous session to the $1276 support level, where it is almost stable around at the time of writing.
A new bearish momentum for gold prices ahead of the release of US economic growth figures, which will have a strong impact on the US dollar and therefore on gold prices that are currently established, around $ 1277 an ounce at the time of writing.
The results of the European elections, the Brexit trajectory after May's resignation and the continuation of US-Chinese trade tensions are all likely to support stronger gains for gold
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Gold markets went back and forth during the trading session on Friday, as volume would have been an issue going into the major holiday weekend.
Gold markets rallied rather significantly during the trading session on Thursday, breaking above the 200 day EMA, reaching towards the $1285 level before finding plenty of selling.
The recent downward movement of the ounce of gold was consolidated after the release of the US Federal Reserve last meeting’s minutes
Gold markets went back and forth during the trading session on Wednesday, bouncing around the $1270 level.
Ahead of the release of the US Federal Reserve meeting’s minutes, gold prices are still facing strong pressure to maintain their recent losses,
Gold markets fell during trading on Tuesday, testing the $1270 level yet again.
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For the sixth day in a row, gold prices moved downward to the support level of $1274 an ounce, with stronger gains for the US dollar, which is second only to the Japanese yen in gaining safe haven gains as the US-China trade war recently intensified.
Gold markets initially fell during the trading session on Monday, but then turned around to recover a bit.
For the fifth day in a row, gold prices moved downward towards support level at $ 1275 an ounce, with stronger gains for the US dollar
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets got hammered again on Friday, breaking down towards the $1275 level, an area that has caused a bit of support.
Gold markets fell during the trading session on Thursday, as we continue to see a lot of overall volatility in this market.
A final and formal agreement that ends the trade dispute between the United States and China will continue to be a factor contributing to stronger gains in gold prices,