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At the beginning of this week's trading, XAU/USD gold futures hovered around $2000.
Gold markets had a tough day on Friday, but it appears that the market is trying to find support just below the $2000 level.
Throughout the last week's trading, the price of an ounce of gold, XAU/USD, was exposed to profit-taking sales.
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Gold markets have been experiencing volatility over the past few days, as they continue to hover around the important psychological and structural level of $2000.
Since the start of trading this week, the XAU/USD gold price has been subject to profit-taking sales, after testing the $2048 resistance level
The gold market has been a very interesting one lately, with plenty of opportunities for traders to capitalize on.
Despite the recent recovery of the US dollar, the XAU/USD gold price managed to return to stability around and above the psychological resistance of $2000 an ounce
The Gold market started with a rally during Monday's trading session, but it gave back the gains and showed signs of weakness again.
With the recovery of the US dollar at the end of last week's trading, the XAU/USD gold price was subjected to a downward correction.
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The gold market is facing some major turbulence as it has been experiencing a downward trend during the trading session on Friday.
Gold markets experienced a significant upward trend during the trading session on Thursday, with the US dollar struggling after the PPI numbers were missed.
The XAU/USD gold bulls gained additional momentum with the weakness of US inflation readings, which allowed prices to move towards the $2028 level
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Sign up to get the latest market updates and free signals directly to your inbox.Gold prices have been volatile in recent trading sessions, with prices initially shooting higher on Wednesday but later giving up some of those gains.
Gold markets experienced a rally during Tuesday's trading session, with the $2000 level offering support.
At the beginning of trading this week, XAU/USD (gold) futures fell as investors continued to book profits after the yellow metal touched record highs.