Gold markets initially declined during the week, but the 50-Week Exponential Moving Average provided sufficient support to turn things around.
Gold markets have fluctuated throughout Thursday’s trading day, as we continue to observe a great deal of chatter around the $1850 level.
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.
Gold has risen slightly during Tuesday’s trading session as the 200-day exponential moving average (EMA) continues to hold steady.
Gold Price Prediction — Gold Markets Continue to Pull Back From the 200-Day Exponential Moving Average
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.