On Friday morning, the bullion reached the monthly pivot point at 1,345.31, as the commodity price was falling. However, gold rebounded against the monthly PP, and started bouncing between the 1,351.70 level and the monthly PP at 1,345.31.
The yellow metal stopped fluctuating around the 1,340 level on Wednesday, as the metal finally ended a session above the monthly PP at 1,345.31.
The yellow metal returned back to the weekly pivot point at 1,340.78 on Wednesday morning, where it is most likely to find support and surge once again.
At the start of Tuesday's trading session, the yellow metal surged and passed the 1,345 mark. Such a move might be an indicator that the metal will stop fluctuating around the 1,340 level, as it did for the past week.
The yellow metal fluctuated around the level of 1,340 on Monday morning, as the metal struggled with the resistance put up by the weekly PP at 1,340.78.
After the fall on Thursday, the yellow metal stayed near the 1,340 level on Friday morning.
Unfortunately to some, gold is not managing to recover, as the metal changed its direction amidst a surge on Wednesday, and it continued to fall on Thursday.
The yellow metal began rising on Tuesday, and it is still recovering in the aftermath of the huge fall of the price on Friday.
Gold continues to fall on Monday, as the metal has no support levels on its path down until the level of 1,324.16.
The yellow metal is trading lower on Monday morning, as the metal fell to 1,335 level on Friday.
Gold is once again bouncing at the door of the first weekly resistance. Previously the yellow metal did not broke the weekly R1 at 1,366 and backed off from it to 1,350 on Thursday.
The yellow metal did not broke the weekly R1 at 1,366 and bounced off from it to 1,350 on Thursday.
On Wednesday the yellow metal struggles with the first weekly resistance at 1,366.06. Gold surged above the 1,365 level, as the metal continued its slow surge.
Gold has surged above the 1,350 level, as the metal continues its slow surge.
The yellow metal surged to the 1,350 level on Friday. Previously, on the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars.
The yellow metal continues to fluctuate around the level reached after the FOMC meeting. On the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars.
On the announcement of no rate change by the FOMC gold prices jumped by 20 US dollars. However, that only changed the level, at which Gold fluctuates, as it is bouncing around the 1,340 mark on Thursday morning.
Gold continues to fluctuate around 1,320 on Wednesday, as markets expect the FOMC rate.
Tuesday's morning confirms that the yellow metal is resuming its stagnant fluctuations, as the metal surged back to 1,320.
With the start of a new week, it looks like gold might resume bouncing back and forth during this week, as the yellow metal fell below 1,320 level on Monday morning.
Gold has moved back to the 1,330 level, and it resumes to fluctuate around that level on Friday, as the ECB announced that there will be no rate change for the Eurozone.
The yellow metal finally moved on Wednesday, as the metal fell from the 1,330 levels to 1,315. Previously the yellow metal did not fall, as the Bank of England announced no rate cut in July.
Gold prices continue to hold steady on Wednesday, as traders await latest news on central bank policies. Previously the yellow metal did not fall, as the Bank of England announced no rate cut in July.
Gold prices are holding steady on Tuesday, as traders await latest news on central bank policies.