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Gold markets gapped a little bit lower to kick off the trading session on Tuesday, but then gained some of those losses back.
Gold markets pulled back to kick off the week on Monday, filling the gap from early Thursday morning, before bouncing yet again.
Gold markets pulled back a little bit during the trading session on Friday, as the $1325 level has caused too much resistance.
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Gold markets have had a significant couple of days, breaking well above the resistance barrier to go higher and clear the $1300 level.
Gold markets rallied significantly during the trading session on Wednesday, as the Federal Reserve finally had is press conference.
Gold markets rallied again during the trading session on Tuesday as we await the FOMC press conference on Wednesday.
Gold markets have pulled back slightly after gapping higher on Monday, showing signs of underlined pressure to the upside.
Gold markets exploded to the upside during the trading session on Friday, after forming three hammers in a row on the daily chart.
Gold markets initially dipped during the trading session on Thursday, slicing through the $1280 level before bouncing again.
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Gold markets initially fell during the trading session on Wednesday again, but just as we had seen on Monday, the buyers came in to pick the market up below the 20 day EMA and form a nice-looking hammer.
Gold markets fell initially during the day on Tuesday but then turned around to pop back over the $1280 level.
Risk appetite has increased and the US dollar has returned to gains, and gold prices have suffered losses despite the weak Chinese economic data.
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Sign up to get the latest market updates and free signals directly to your inbox.Gold futures dropped to kick off the week, piercing the $1280 level, but keeping things in perspective we need to appreciate the fact that it was Martin Luther King Jr. day in the United States, dropping liquidity drastically.
Gold markets fell hard during the Friday session, crashing into the $1280 level, an area that I believe is significant support.
Gold markets were contained within the trading range that we have been in for some time during the day on Thursday, as we see the markets look for some type of direction, mainly from the US dollar if history is any indication.