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The gold markets initially gapped higher to kick off the trading session on Thursday and then went straight up in the air to reach towards the top of the consolidation area
Investors abandoned the US dollar after the announcement of the Federal Reserve's policy update that was a catalyst for gold bulls to push prices to the level of 1819 dollars an ounce
The gold markets went back and forth during the trading session on Wednesday as we awaited the Federal Reserve announcement.
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The decline of the US dollar stopped the losses in the price of an ounce of gold, which reached the support level of 1793 dollars.
Gold markets fluctuated during the trading session on Tuesday as markets are awaiting the Federal Reserve policy and statement decision on Wednesday.
Gold futures settled lower to the $1794 support level at the time of writing the analysis amid the pace of investors' appetite for risk
The gold markets initially tried to rally during the trading session on Monday but struggled above the 200-day EMA as we continue to see resistance above.
Throughout the week's trading, gold futures are trying to stay above the psychological resistance level of $1800 an ounce.
Gold markets fell significantly during the trading session on Friday only to turn around and bounce enough to form a hammer again.
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The gold markets fell significantly on Thursday to reach towards the same support level that we had seen during multiple sessions before.
Investors returned to risk appetite, which is negative for the price of gold.
Gold markets fell during the trading session on Wednesday but also found buyers at the same level it had on Monday.
During yesterday's trading, the price of an ounce of gold recovered to the resistance level of $1825 after selling at the beginning of the week's trading.
The DAX Index rallied a bit during the course of the trading session on Tuesday as we continue to see the market try to pick up a little bit of stability.
Gold markets initially tried to rally during the trading session on Tuesday to break above the 50-day EMA quite handily.