Although the bullion encountered resistance on Monday, on Tuesday the metal continues on its path higher.
The surge of the yellow metal continues in accordance with the set pattern.
The bullion continues the surge in the recently established pattern.
The bullion has reached crossroads, as the markets are unclear, what is the future direction of the metal. However, there are signs of a surge.
The bullion gained strength in the aftermath of events in the US. However, the path downwards seems to be about to be resumed.
The bullion is being prepped up by the 100-day SMA, which is holding its ground at 1,225.58. Although, the hypothesis of a continuation of the decline remains in force.
The bullion was regaining its previous losses on Monday morning. However the surge seemed to be unsustainable.
The bullion continues lower on Friday. However, it seems that the fall of yellow metal seems to have paused.
The bullion has reached the expected target of a long term pattern's lower trend line sooner than expected. However, the future direction of the metal seems unclear.
The bullions recent moves were easy to forecast, as a strong support cluster keeps the rate from falling.
The bullion continues on its path lower in the strong and many times confirmed descending channel pattern.
The bullion proved once again to be unable to confirm the gains posted on Friday's trading session and erased the motion on Monday, continuing the ranging pattern it has been trading inside of for the last four sessions.
The yellow metal seems not able to pass the weekly S2, which is located at the 1,263.56 level. The reasons for that are various.
On Thursday morning the bullion remained above the weekly S2, as it had been forced down by a significant resistance.
The yellow metal has retreated down to the weekly S2 at the 1,263.56 level. Meanwhile, the future direction of the bullion is complicated.
As it was expected, the bullion found support in the lower trend line of a medium term ascending channel pattern, which is a sign of an upcoming surge.
Due to the French election induced certainty the yellow metal has fallen.
The yellow metal's price seems to have started a period of hibernation before the French presidential election.
As it was expected, the bullion has retreated to the 61.80% Fibonacci retracement level at 1,278.73. However,
The metal keeps encountering resistance just above the 1,290 mark. However, throughout the week it can be observed that a range has been established.
The yellow metal continued the retreat on Tuesday due to fundamental events in the US.
As it was expected, the metal opened the day's trading higher than the previous close.
The yellow metal is not traded on Friday. However, additional information from Thursday can be analyzed.
The yellow metal has reached and touched the 1,288 mark during the night.