On Tuesday, Gold prices continued to trade near 1,200.00.
Gold prices have plummeted due to fundamentals on Friday.
The expected surge of the metal has occurred.
Gold prices remain near 1,200 for the fourth consecutive session.
Gold prices remained near the 1,200.00 level on Wednesday.
After touching the 1,205.00 level gold had retreated down below the 1,200 one more.
On Monday, Gold prices surged after once more reaching below the 1,200.00 mark.
Gold reveals ascending pattern before surging to 1,215.
Gold is surging, ignoring almost all levels.
As it was expected during the couple of last trading sessions, gold prices finally fell.
By the middle of Tuesday's trading session the yellow metal had confirmed the previously broken pattern's support as resistance and began a decline.
On Monday, the gold price pierced long term support and declined below the 1,200 level.
Gold prices traded sideways on Friday in expectations of the US employment data set release at 12:30 GMT.
The metal has surged on Thursday, breaking a junior pattern.
The metal continued to trade sideways, by the middle of Wednesday's trading.
The yellow metal will trade sideways around the 1,195.00 mark.
The yellow metal continues to trade near 1,200.00.
On Thursday, the yellow metal's price remained near the 1,200.00 mark, where it had retreated down after another attempt to surge.
After making another attempt to pass the resistance of the ascending pattern on the hourly chart, the yellow metal plummeted down to the 1,200 mark.
One high level after another, that is the move of the bullion since Friday.
In the aftermath of central banking comments made by Jerome Powell on Friday, gold prices remained clearly above the 1,205.00 level on Monday.
The yellow metal is facing the combined resistance of the 55- and 100-hour SMAs at 1,192.00.
The medium term pattern of the daily chart has managed to hold its ground. It can be expected that the bullion will decline down to the 1,180.00 mark before it makes another attempt to surge.
The previously drawn junior pattern of the hourly chart has managed to break the upper trend line of another pattern. Although, the move was expected, as the metal is surging after encountering a massive scale pattern's lower trend line.