The yellow metal's price on Wednesday morning continued to fluctuate in the rate established during Tuesday's trading session.
The bullion's price was recovering on Tuesday. However, the metal hit a strong resistance cluster during the morning hours.
The yellow metal has tumbled down by 1.5% during the middle of the morning analysis creation. For the reason of the fall one does not have to look far,
After triggering bullish trader stop losses by suddenly falling below the 1,250 mark on Thursday, the yellow metal continued its surge on Friday morning.
The bullion continues to move higher on Thursday, as the yellow metal's price reached for the 1,255 mark.
It seems that the reversal of the direction of the bullion is about to occur. Various clues indicate that the turning point is close.
As it was expected, the metal's price has fallen below 1,245 mark. However,
The bullion has passed the support cluster, which held back the decline of the precious metal for more than two consecutive trading sessions.
The bullion has reached the target zone set by Dukascopy analysts on Thursday, and it is expected that the commodity price
Just as most other financial instruments traded against the US Dollar the yellow metal's price experienced high volatility in the past 24 hours. However,
On Wednesday morning the bullion started to trade in range between the weekly PP from the top and 55-period SMA from the bottom.
On Tuesday morning the yellow metal traded in the range between the 20 and 55-day SMAs, which were expected to
The yellow metal has passed the support of the medium term pattern, which held the course higher.
The yellow metal seems to be trading in accordance with the technical aspects of the commodity price.
The yellow metal continues to extend its decline into Thursday's trading session.
The yellow metal started the day above all the resistance levels, which it faced on Tuesday. However, a retreat began instead of a jump.
For the bullion Tuesday is another session of major gains, as the metal touched the 1,290 mark during the early hours of the day's trading.
After the fall down to the 1,260 mark the yellow metal found support and skyrocketed, as on Monday morning the commodity traded above the 1,280 mark.
The bullion is falling, as it has retreated even below 1,260 mark during the early hours of Friday's trading session.
The yellow metal did not only reach the 1,270 mark in the previous trading session, but also managed to almost touch the 1,275 level. However,
The yellow metal has extended its decline more than it was expected. It is quite possible that the bullion will reach for the support cluster near the 1,250 mark.
The yellow metal continues to pound on the resistance put up by the monthly PP.
As it was long expected, the yellow metal has reached the 1,270 mark. However, a bounce off has occurred.
Just like the rest of the markets, which have not had many influences during the Trump Tour of 2017, the yellow metal's price remains near the levels, where it started the week.