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Gold reached a high of nearly 1834.00 on the 3rd of September, which tested mid-term highs from the middle and end of July.
The gold market has pulled back a bit during the trading session on Monday from a major resistance barrier in the form of $1835.
Gold markets rallied significantly on Friday to reach towards the $1835 level, an area that has been important resistance more than once.
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The gold markets have been relatively quiet during the trading session on Thursday as we await for the Nine Farm Payroll figures on Friday.
Gold futures closed lower yesterday despite expectations of weak US jobs numbers tomorrow which boosted the safe-haven gold price to the $1,820 resistance level.
Gold markets fluctuated on Wednesday as we hang about just below the significant resistance zone that extends from $1825 to the level of $1835.
Gold has spent the last week of trading hovering below important one-month highs and its consolidation may signal more volatility is about to develop.
After reaching the psychological resistance of $1800, which gives the bulls the impetus to move higher, gold's gains continued to the resistance level of $1823 before settling around $1813 as of this writing.
Gold markets fell a bit on Tuesday as we fell towards the 200-day EMA only to turn around and show signs of strength.
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The price of gold is still stable around three-week highs, reaching the level of $1819 as of this writing.
The gold markets rallied just a bit on Monday but then turned around as we have seen a bit of selling pressure.
The weakness of the US dollar after the Jackson Hole Symposium contributed to a strong upward rebound for gold.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have been somewhat sideways during the month of August, but we did see a sudden selloff at the beginning of the month.
Gold markets rallied significantly on Friday as Jerome Powell gave his speech from the Jackson Hole Virtual Symposium.
Gold markets have gone back and forth during the course of the trading session on Thursday as we await the results of the Jackson Hole meeting.