Gold markets go back and forth on Monday

Gold prices have gone back and forth during Monday’s trading session, and continued to hang out above the $1750 level.

Investors continue to pay close attention to interest rates in the U. S, as they will have a massive influence on what happens next.

A breakdown below the $1750 level could send this market much lower, reaching down towards the $1725 level.

The latest move could bring in even more selling pressure to this market, and could send it down to the $1680 level.

The top of the candlestick from the Friday session shows a resurgence of buying pressure, and therefore could send this market looking towards the 200 day EMA, possibly even towards the $1800 level.

The market continues to be very uneven and noisy, and therefore the only thing that investors can count on is volatility.