Gold Price Prediction: Gold Markets Will Be Punished on Thursday
During Thursday’s trading session, gold markets have been pummeled as the US dollar has surged significantly.
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.
Gold markets have declined early in Thursday’s trading session, falling below the 200-day exponential moving average (EMA).
The gold price has fallen to approximately $1,763.00 as the risk-on profile has diminished. Geopolitical tensions between North Korea and the United States have increased the appeal of safe havens. Fed Daly’s hawkish remarks have bolstered US Treasury yields.
Initially, gold markets attempted to advance during the week, but there has been considerable disturbance near the $1680 level once more.