The yellow metal's prices plummeted down to a dominant support line, as expected.
After a larger review of the yellow metal's charts it has been deducted that the bullion should trade sideways.
Gold found support and is set to reach the 1,207.50 level.
Gold jumped on Tuesday and reached the upper trend line of a pattern above 1,205.00 level earlier than it was expected.
Gold prices continued to surge on Tuesday until they met a resistance level at 1,195.00.
Gold prices fell exactly as forecast on Thursday.
All action of the yellow metal on Thursday was focused around the pivot point at 1,195.60.
Gold continued to trade in limbo near 1,200.
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.