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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.
The price of gold climbed back above the $1,900-per-ounce support level, closing the week at $1,926.20 per ounce.
Last week, gold bounced back after testing previous lows.
Gold broke out of its price consolidation pattern last week. However, instead of continuing the previous uptrend, it closed down for the week at $1,866.30 per ounce, testing the previous low of the formation set back in August.