Market insights and analysis

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.

Last week, gold prices continued their upward trend, with the 50-day moving average crossing above the 200-day moving average. The yellow metal closed the week at $1,850.00 per ounce.

Last week, gold prices found support at the $1,750-per-ounce level before continuing to climb. They ended the week at $1,810.60 per ounce.

Last week, gold found support at $1,750 per ounce before moving back up. Gold closed the week at $1,783.30 per ounce.

Last week, gold prices consolidated after finding support at the $1,750-per-ounce level, closing the week at $1,777.80 per ounce.

Last week, gold declined below the 50-day moving average on the weekly chart, found support at $1,750.00 per ounce, and closed the week at $1,769.00 per ounce.

Last week, gold prices consolidated above the 50-day moving average on the weekly chart, closing the week at $1,879.60 per ounce.

Last week, gold prices found support at the 50-day moving average on the weekly chart and then moved back up toward $1,900 per ounce.

Last week, gold prices broke above their four-month high, closing the week at $1,904.50 per ounce.

Gold prices broke through the weekly 50-day moving average closing the week at $1,838.10 per ounce.

Gold prices declined early last week before rallying and closing at $1,838.10 per ounce.

Gold prices spiked last Thursday (May 6) and continued rising Friday after the release of a weak U.S. jobs report.

Gold prices stayed above the 50-day moving average, closing last week at $1,767.20 per ounce.

Gold prices continued their upward trend last week, closing at $1,777.80 per ounce.

Last week, gold prices broke above the 50-day moving average on the daily chart, closing the week at $1,780.20 per ounce.

Last week, gold prices continued moving up off the “double bottom” pattern identified in last week’s article. They broke above the resistance trend line that began at the start of 2021 and then approached the 50-day moving average before closing the week at $1,744.80 per ounce.

Gold prices bounced back a second time off the $1,670-per-ounce support level they found three weeks ago.

Gold prices moved sideways last week, closing at $1,732.30 per ounce.

Gold prices continued moving up from the support level at $1,675.00 per ounce, closing the week up at $1,741.70 per ounce.

Gold prices bounced off the support level at $1,675.00 per ounce, closing the week at $1,719.80 per ounce.

Gold prices continued to fall last week, approaching a support level at $1,675.00 per ounce.

Gold prices broke down below their 50-day moving average, closing the week at $1,728.80 per ounce.

Gold prices continued to consolidate around the center of a large pennant formation on the weekly chart, closing the week at $1,777.40 per ounce.

Gold prices continued to consolidate around $1,800 per ounce, closing last week at $1,823.20 per ounce.

Gold broke down last week, testing January’s low at $1,800 per ounce before rallying back to close at $1,800.30 per ounce.

Gold prices continued to consolidate last week, as the 50-day and 200-day averages converged.

Gold prices ended last week at $1,856.20 per ounce and remained above the 200-day moving average on the daily chart.

Gold prices consolidated last week, remaining above the 50-day moving average on the weekly chart and closing the week at $1,829.90 per ounce.

Gold sold off on Friday (1/8), closing just below the 200-day moving average at $1,835.40 per ounce.

Gold prices started the new year by hitting $1,900 per ounce and closed the week at $1,889.10 per ounce.

Gold prices remained above the 50-day moving average, closing the week at $1,883.90 per ounce.

Gold prices resumed their upward trend last week, breaking above the 50-day moving average.

Gold continued to trend above the 200-day moving average, closing the week at $1,840.00 per ounce.

Gold prices bounced back last week after finding support at the 200-day moving average.

Last week, positive news about the COVID-19 vaccines provided a temporary boost for the equities market. Gold prices responded by moving down to the 200-day moving average.

Gold moved sideways last week, closing at $1,872.40 per ounce.

Gold climbed back from the steep decline it experienced on Monday (11/9) after U.S. drugmaker Pfizer said its COVID-19 vaccine was more than 90% effective based on initial trial results.

Gold broke back above both the $1,900-per-ounce support level and the 50-day moving average, closing the week at $1,951.70 per ounce.

Gold prices broke below the $1,900-per-ounce level, testing the previous lows that were reached in late September.

Last week, gold prices continued to find support around $1,900 per ounce.

Gold prices continued to stay around the $1,900-per-ounce support level, closing the week at $1,906.40 per ounce.