On Thursday morning the bullion continued to trade below the first monthly resistance, which is located at the 1,292.91 level.
On Wednesday morning the price of the yellow metal remained in a short term descending channel pattern, which represents the consolidation after reaching above the 1,300 mark.
As it was expected, after hitting the 1,300 mark, the yellow metal's price began a period of consolidation.
The yellow metal has hit the 1,300 mark, as it was expected throughout last week.
The surge of the yellow metal continues, as forecasted. A new target has been pierced and set.
The bullion has rebounded against a previously described cluster of support. The next target of the bullion is the monthly R1 at the 1,292.91
The bullion has reached a cluster of various supports and reached below the 1,270 mark. The move was expected. However,
The yellow metal is declining, as expected. However, the next target of the metal's fall has already been spotted.
The 1,290 mark has been hit. More gains in the short term is not expected, as the bullion is retreating on Monday.
The yellow metal continues to surge. Next target is the 1,290 mark.
The yellow metal jumped on Wednesday, as expected. However, something has changed during the last 24 hours.
The surge of the yellow metal continued during Wednesday morning hours.
As expected, the commodity price has found support in the lower trend line of the medium scale ascending channel pattern.
The bullion has continued to lose value, as expected. However, the metal's price on Monday was showing signs that the decline might be over.
The bullion found strength in hourly support levels and has returned to trade back near the 1,270 mark.
The decline of the bullion, as expected, continued during early hours of Thursday's trading.
On Wednesday morning the yellow metal was in a retreat. The fall of the bullion was
The surge of the bullion continues, as the metal has established itself firmly at the 1,270 mark.
The yellow metal continues to gain on Monday.
The yellow metal's price continues to trade above the 1,260 mark. The reason for that is
The bullion has surged above the 1,260 mark. The reason for that is the FOMC Statement.
The decline of the yellow metal continued on Wednesday. Moreover, it is most likely going to continue in the short term.
The yellow metal has bounced off the monthly pivot point, which was described previously.
In line with expectations, the new trading week the yellow metal started above the 1,250 mark.