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Gold prices returned to a sharp decline with losses that reached the support at $1825 an ounce before settling around $1835 an ounce at the time of writing.
I can think of nothing that makes for worse trading conditions than waiting on politicians.
For the second week in a row, the price of gold is in a bullish correction range.
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Gold markets have rallied a bit during the trading session on Tuesday to break above the 50-day EMA.
The attention of gold investors returned to the psychological resistance at $1900 an ounce, after recent gains in the price of gold pushed it to the $1868 level at the beginning of this week's trading.
Gold markets initially fell during the trading session on Monday but then turned around to show signs of strength again.
The beginning of last week’s transactions were completely different from those of week's end.
Gold markets fluctuated during the trading session on Friday as the non-farm payroll numbers came out.
Gold markets have rallied a bit during the trading session on Thursday as we continue to see gold rally rather significantly.
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For three trading sessions in a row, the price of gold is moving in an upward correction range and pushed towards the resistance level at $1838 an ounce before settling around $1833.
Pay attention to the fact that the dollar will continue to fall, which will put a natural floor under this market.
The price of gold surprisingly moved higher during yesterday's session.
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Gold markets are looking strong after breaking above the 200-day EMA again on Tuesday, and after the US dollar got absolutely hammered.
Gold sold off amid dominant risk appetite in the markets after the announcement of pending coronavirus vaccines.
Gold markets fell during the trading session on Monday, but found enough buyers underneath to turn things around and form a hammer.