The gold markets were closed on Good Friday obviously, but when we look at the Thursday candlestick the close was rather impressive.
Technical Analysis
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Technical Analysis
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The gold market has rallied a bit during the session on Thursday to make a fresh, new high and has even broken above the $1750 level at one point in the forward contract.
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We did not witness a strong move in gold prices during the Wednesday trading
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The gold markets went back and forth during the trading session on Wednesday
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Gold markets initially tried to rally during the trading session on Tuesday and even reached close to the $1750 level.
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With Austria and Denmark relaxing lockdown measures, Germany drafting plans to return to a new normal, and the global death toll easing
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Gold markets rallied significantly during the trading session on Monday, breaking above the important $1700 level.
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Gold markets rallied a bit during the trading session on Friday after initially pulling back.
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Gold markets rallied significantly during the trading session on Thursday, breaking the top of the neutral candlestick from the Wednesday session after the horrific initial jobs claims
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Gold markets have gone back and forth during the trading session on Wednesday, as we dipped a below the 50 day EMA only to turn around and show signs of strength.
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The gold markets have fallen a bit during the trading session on Tuesday, reaching down to the crucial $1600 level.
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Gold markets have gone back and forth during the trading session on Monday, showing signs of noise.
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Gold markets pulled back initially during the trading session on Friday, just as we have during the last few days,
Technical Analysis
Gold markets have gone back and forth and choppy trading during the trading session on Thursday, as we try to figure out where we are going next.
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Global Covid-19 cases are approaching 500,000, and the economy is on track to enter a recession.
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