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The gold markets did rally and break out to the upside during the trading session on Wednesday but gave back the gains as we get close to the $1800 level.
Strong weakness of the US dollar and fears of a second wave of the Coronavirus outbreak was enough to push the price of an ounce of gold towards the $1774 resistance
Gold markets have rallied yet again during the trading session on Tuesday, reaching towards the $1785 level towards the end of the pit session.
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With the beginning of this week’s trading, gold prices rose to achieve sharp gains that pushed it to the resistance at $1763 an ounce,
Gold markets gapped higher to kick off the week, then pulled back to fill the gap and then rallied again before pulling back yet again.
Gold markets have rallied significantly during the trading session on Friday, reaching above the $1750 level for the first time in a while.
Gold markets were very volatile during the trading session on Thursday, as we reached towards the $1750 level, but then pulled back rather significantly.
Gold markets have continued to show one thing over the last several months: that they are more than willing to step in and pick up gold every time it dips.
Gold prices rose to offset the losses of the previous two sessions, as geopolitical tensions and Fed Chairman Jerome Powell's makes cautious statements about the economic recovery.
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Gold markets have been choppy during the trading session on Tuesday as Jerome Powell spoke in front of Congress.
In the beginning of this week’s trading, gold price fell to the $1704 support, with a positive shift in the performance of global financial markets, which increased the profit-taking sell-offs.
The Federal Reserve stepped out and saved the market again that was selling off a little too hard in New York trading as they announced the buying of individual corporate bonds to form portfolios.
The gold market initially tried to rally during the trading session on Friday but found the $1750 level to be resistant, which I think extends all the way to the $1775 level.
Global equity markets rallied over the past two months, driven by misplaced economic optimism of retail traders.
The gold markets have rallied significantly during the trading session after gapping higher, but then pulled back quite a bit.