Gold Weekly Price Prediction – Gold Markets Recover Quite Beautifully for the Week
Gold markets initially declined during the week, but the 50-Week Exponential Moving Average provided sufficient support to turn things around.
Gold markets initially declined during the week, but the 50-Week Exponential Moving Average provided sufficient support to turn things around.
Gold opened with a spread to the upside in the futures market. However, there is still a great quantity of background commotion to contend with.
Gold markets have fluctuated throughout Thursday’s trading day, as we continue to observe a great deal of chatter around the $1850 level.
During Thursday’s trading session, gold markets have been pummeled as the US dollar has surged significantly.
The gold markets have declined slightly during Wednesday’s trading session, as we have seen more of the same, but the market is seeking direction.
Tuesday’s trading session witnessed a modest rally in gold markets, which continue to grind along in a channel.
Gold markets have risen again during Wednesday’s trading session, as we continue to attempt to climb higher.
Gold has risen slightly during Tuesday’s trading session as the 200-day exponential moving average (EMA) continues to hold steady.
In order to approach the 50-day exponential moving average, Wednesday’s gold markets plummeted significantly during trade.
It appears that the trend line is attempting to reestablish its significance, as gold markets have retreated somewhat during Monday’s trading session to begin off the week.