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XAU/USD (gold) futures ended Monday's session flat after snapping a four-week losing streak.
Gold markets have rallied significantly during the trading session on Monday right off the bat, gapping higher, but then pulled back to test the 50-Day EMA.
XAU/USD gold futures are back above $1,800 an ounce, posting their first weekly gain in four weeks.
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Gold markets rallied significantly during Friday's trading session, reaching the 50-Day EMA.
On Thursday, the gold market experienced some pullback but soon recovered and showed signs of life.
For two days in a row, the price of XAU/USD gold tried to rebound to the upside and recover from the strong and sharp selling operations.
The gold markets rallied during Wednesday's trading session, reaching towards the 50-Day EMA.
For the second consecutive day, XAU/USD gold price is trying to rebound to the upside to avoid further collapse, as its gains did not exceed $1833 an ounce.
On Tuesday, the gold market experienced a decline, reaching the 200-Day EMA, an indicator that many traders pay close attention to.
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The bears tried to push the XAU/USD gold price towards and below the psychological support level of $1800 an ounce at the end of last week's trading and the beginning of this week's trading.
Gold markets experienced a significant drop during the trading session on Monday, before turning around as it reached the 200-Day EMA.
XAU/USD gold futures extended losses at the end of the shortened trading week.
Over the past few days, gold markets have experienced a considerable amount of negativity, with Friday's trading session being no exception.
During Thursday's trading session, gold markets showed a lot of choppy behavior, which is consistent with the ongoing volatility in most financial markets.
Since the start of this week's trading, the gold price has been trying hard to breach the $1850 resistance level to avoid a further collapse.