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The gold market initially tried to rally during the trading session on Monday but found quite a bit of resistance above as we sold off late in the day.
There has been much talk recently about the possibility of gold price reaching the $2000 level, especially with breaking through the $1,800 psychological resistance three trading sessions ago, during which the yellow metal succeeded in testing the $1818 resistance, its highest level for nine years, before it closed the week’s trading around the $1798 an ounce.
Gold markets have initially tried to rally during the trading session on Friday, but then pulled back a bit to show signs of exhaustion.
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The gold market has pulled back a bit during the trading session on Thursday as we reached towards the $1800 level.
As expected, gold prices continued to achieve gains and have reached to $1797 an ounce, the highest level for in nine years, and is now closer than ever to the psychological resistance of $1,800 an ounce.
The gold markets have rallied significantly during the trading session on Wednesday, slicing through the $1800 level.
As expected, gold prices continued to achieve gains, and reached the resistance at $1797 an ounce, the highest level in nine years,
Gold markets have rallied during the trading session on Tuesday again, breaking out to a fresh, new high.
Despite gains of global stock markets, the gold prices got support from the fears related to the strength of the second Coronavirus wave in the United States of America
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Gold markets have rallied again after initially falling on Monday.
Gold was quiet during the Friday session as traders were away for the Independence Day holiday in the United States and therefore was essentially a Globex session only.
The positive US job numbers were stronger than expected, and it was a catalyst for the markets to give up, even temporarily, of safe havens.
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Sign up to get the latest market updates and free signals directly to your inbox.The gold markets initially fell during the Globex session on Thursday but found a solid wall of support at the $1765 level.
As expected, the recent and continuous gold gains pushed the technical indicators to overbought areas
Gold markets have initially tried to rally during the trading session on Wednesday, but they have pulled back a bit moving towards a major value level.