Market insights and analysis

Last week, gold prices continued to hold steady around their 200-day moving average.

Gold prices remained between their 50-day and 200-day moving averages, closing last week at $1,849.90 per ounce.

Gold prices surged toward their 50-day moving average after the consumer price index (CPI) for May was released on Friday (June 10).

Last week, gold prices consolidated between the 50-day and 200-day moving averages.

Gold prices bounced off the 200-day moving average after breaking through last week.

Last week, gold prices bounced up off this year’s previous support levels.

Last week, gold prices slid down to previous support levels.

Last week, the price of gold continued to consolidate between its 50-day and 200-day moving averages.

Last week, gold prices retraced back to previous support levels before turning back up on the daily chart.

Last week, the price of gold broke above $2,000 per ounce and then retraced back to its 50-day moving average.

Last week, gold prices broke out from their consolidation, climbing steadily upward.

Last week, gold prices consolidated above their support level at $1,900 per ounce.

Gold prices once again tested the support level at $1,900 per ounce.

Gold prices climbed after testing support at $1,900 per ounce, closing the week at $1,954.20 per ounce.

Gold prices tested support at $1,900 per ounce before rallying to close the week at $1,929.30 per ounce.

Gold prices broke decisively above the $2,000.00 per ounce barrier, hitting $2,075.00 per ounce, before falling back to $1,985.00 per ounce to close the week.

The price of gold climbed last week, challenging the high it reached when news broke that Russia invaded Ukraine.

The price of gold shot up last Thursday (February 24) when news broke that the Russian invasion of Ukraine had begun.

The price of gold surged again last week, moving above last November’s highs, and is now poised to challenge the highs from last summer.

The price of gold surged 1.9% on Friday (February 11), hitting a three-month high, and then closed the week at $1,842.10 per ounce.

Last week, gold continued its consolidation, finding support at its 50-day and 200-day moving averages.

In a tumultuous week for the equity and gold markets, gold fell from $1,831.80 per ounce the previous week to $1,786.60 per ounce as of January 28.

Last week, gold prices continued to trend upward after finding support at their 50-day and 200-day moving averages.

Last week, gold prices continued to hold above their 50-day and 200-day moving averages.

Last week, gold prices retraced back to support at their 50-day and 200-day moving averages.

Last week, gold prices continued to move up off their 50-day and 200-day moving averages.

Gold prices stayed above their 50-day and 200-day moving averages, closing the week at $1,811.70 per ounce.

Last week, gold prices broke above their 50-day and 200-day moving averages.

Last week, gold prices continued to consolidate around their 50-day and 200-day moving averages, remaining above the support level at $1,760 per ounce.

Last week, gold prices consolidated around their 50-day and 200-day moving averages, bounced off support at $1,760 per ounce, and then closed the week at $1,783.90 per ounce.

Last week, gold retraced back to the support line of the “pennant formation” it had broken out of the previous week, coming back to its 50-day and 200-day moving averages.

Two weeks ago, gold shot up above its 50-day and 200-day moving averages, resolving the major “pennant formation” breakout to the upside.

Gold shot up above its 50-day and 200-day moving averages last week before surging even higher on alarming inflation reports worldwide.

Last week, the gold spot price was up 1.96% and the U.S. Dollar Index was up 0.21%.

Last week, the price of gold shot up back above its 50-day and 200-day moving averages after breaking down midweek.

Last week, gold prices remained above the 50-day moving average.

Gold broke decisively above both its 50-day and 200-day moving averages last week.

Last week, the price of gold moved up to $1,800 per ounce following the U.S. consumer price index report on Wednesday (October 13).

Following the release of the U.S. employment report on Friday (October 8), gold prices shot up to the 50-day moving average and then settled back down to the support at $1,750 per ounce.

Last week, gold prices bounced back above the support line at $1,750 per ounce, closing the week at $1,758.40 per ounce.

Last week, gold prices continued to find support at $1,750 per ounce.

Gold prices retraced to find support at $1,750 per ounce last week.

Last week, gold prices retraced back to support levels found at the 50-day moving average.

Gold resumed its upward surge on Friday (September 3), when the U.S. employment report for August showed a shocking shortfall in new jobs.

After the tragic deaths of 13 United States service members last week in Afghanistan, gold prices surged above both the 50-day and 200-day moving averages, closing the week at $1,819.50 per ounce.

Gold rose above its previous support level at $1,750 per ounce last week to close the week at $1,784 per ounce.

Gold fell to its previous support level at $1,670 per ounce last Wednesday (August 11) on the report that the consumer price index (CPI), a measurement of the changes in the retail prices of the same goods and services over time, slowed in July.

Gold declined back to the support level at $1,750 per ounce following a strong U.S. economic report on Friday (August 6). Prices closed last week at $1,763.10 per ounce.

Gold prices resumed their upward move last week, keeping the 50-day moving average above the 200-day moving average. The metal closed the week at $1,817.20 per ounce.

Gold prices moved sideways, closing last week at $1,801.80 per ounce.