
Gold Price Prediction — Gold Retraced From 200-Day EMA
Gold markets have declined early in Thursday’s trading session, falling below the 200-day exponential moving average (EMA).
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.
Tuesday’s trading on the gold markets continues to be quite turbulent, as there is a great deal of volatility on all markets around the world.
Gold initially surged higher and so displayed signals of strength, but the $1680 barrier remains significant.
Gold markets originally declined during Friday’s trading session, but the Bank of Japan’s decision to sell US dollars had a domino effect on the precious metals market.
The gold markets fluctuated somewhat throughout Friday’s trading session, as we desperately cling to the most recent bottom. At this time, a slight rebound is possible, but the market is still quite bearish.
Wednesday’s trading session on gold markets has been rather calm, as the market continues to oscillate around the $1680 level.
Gold markets have retreated to begin Thursday’s trading session, but have attempted to recover by reversing some of the selling pressure.
Tuesday’s trading session saw a slight decline in the gold market, as it continues to appear that the market is close to breaking down.