On Wednesday morning the yellow metal had steadily extended its decline by booking a new low level.
On Tuesday morning, the yellow metal's price had fallen down to trade close to the support line of a dominant pattern near the 1,255.00 mark.
On Monday morning the metal continued to trade in the previous range.
On Friday the yellow metal's price traded slightly higher. However it was still expected to decline in the longer term.
The yellow metal has extended its gains on Thursday, as the bullion's price had reached the 1,260 mark.
XAU/USD reaches one-month low level.
As Fundamental events took place on Friday, the bullion plummeted below all technical support levels and reached below the 1,280.00 level.
After breaching the 1,300 mark, the yellow metal's price declined on Friday.
On Thursday the yellow metal managed to pass the resistance of the 1,300 level.
Wednesday morning gave some clarity to the traders of the yellow metal, as the commodity price declined and moved out of the previous horizontal range.
On Tuesday morning the yellow metal's price remained below the 1,300 mark.
The bullion has made and failed at another attempt to surge above the 1,300.00 mark.
The most notable developments on Friday on the charts of the yellow metal were on the daily chart.
The yellow metal remains in the previous ranges. However, there is something more notable than the price level.
The yellow metal's price has made an attempt to surge above the resistance of 1,300.
On Tuesday morning the yellow metal's price continued to trade in the range between 1,290.00 to 1,295.00 levels.
The XAU/USD commodity price continues to trade in a narrow channel since May 31.
The yellow metal had once more retreated down to levels below 1,300.
The commodity price has breached the upper trend line of a large scale descending channel down pattern.
The yellow metal had declined down below the 1,300 mark on Wednesday.
Due to the decline of the US Dollar across all charts, the commodity price of the yellow metal has surged on Tuesday.
After booking large gains at the end of the last week, on Monday morning the yellow metal once more traded below the 1,300 mark.
The yellow metal has finally succeeded in breaking above the 1,300 mark.
On Thursday morning the yellow metal's price made another attempt to approach the 1,300 mark.