Gold markets got absently hammered on Thursday, reaching down towards the $1765 level.
Technical Analysis
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Gold futures settled lower yesterday, reaching the support level of $1784 before settling around the $1808 level at the beginning of trading on Thursday.
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Gold markets initially fell during the trading session on Wednesday only to find support underneath and bounce towards the $1800 level.
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Gold is trying to benefit from the weak US dollar, but its rebound gains did not exceed $1816 before stabilizing around $1806 as of this writing.
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Gold markets initially fell during the trading session on Tuesday to reach down below the $1800 level.
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Gold had a strong bullish start this week as it jumped to the $1812 level before settling around $1809 at the beginning of trading on Tuesday.
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The gold markets gapped higher to kick off the week on Monday, and then shot above the $1800 level.
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Gold futures posted their biggest weekly loss in more than a month as a death cross pattern emerged for the precious metal.
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Gold markets fluctuated during the course of the trading session on Thursday as we have heard a lot of noise just above the crucial $1750 support level.
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Gold markets initially tried to rally during the trading session on Thursday but then gave back the gains early to turn around and form an inverted hammer.
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For five consecutive trading sessions, gold has been sold off, having plunged below the $1800 support level yesterday before settling around the $1777 level at the beginning of Thursday's session.
Technical Analysis
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Despite the weakness of the US dollar, gold prices closed sharply lower yesterday, reaching the $1790 support level before settling around the $1796 level at the beginning of trading on Wednesday.
Technical Analysis
Gold markets crashed into the $1800 level and below it during the trading session on Tuesday, as the interest rates in the 10-year note climbed in America.
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Gold had a quiet start to trading this week amid a bearish trend, settling around the $1818 level.
Technical Analysis