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Gold markets gapped higher to kick off the trading session on Wednesday, and then spent the day back and forth in what would have been most accurately described as choppy trading.
Gold is turning its short-term resistance zone back into support following a reversal from a previous breakdown.
Gold markets have rallied during the trading session on Tuesday, bouncing from the 50 day EMA.
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The risk appetite and the abandonment of safe havens pushed the price of gold down to the $1488 support an ounce, after opening the week's trading around the $1508 resistance.
Gold markets fell hard during the trading session on Monday to kick off the week, crashing through the $1500 level.
Gold markets went back and forth during the trading session on Friday as we had got the jobs number out of the United States.
The gold market tried to rally significantly during the trading session on Thursday after the ISM Non-Manufacturing figures came out softer than anticipated.
In our recent technical analysis, with the price of gold correcting down to the $1495 support, the lowest in nearly two months,
Bitcoin markets have gone sideways for several days in a row, as we continue to dance around the 200 day EMA.
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The gold price rebounded from its lowest level in nearly two months during Tuesday's trading session, rising to $1487 an ounce after testing the $1459 support.
Gold markets initially fell during the trading session on Tuesday after gapping higher.
Risk appetite and the strength of the US dollar contributed to stronger losses for gold prices
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Sign up to get the latest market updates and free signals directly to your inbox.Gold markets have broken down significantly during the trading session on Monday, slicing through the important $1490 level
it seems clear that the gold price is in a stage of breaking the uptrend especially if it stabilizes below the $1480 support level.
Gold markets initially fell during the Friday session, reaching down towards the 50 day EMA