As the metal's price passed the 1,350 mark, the surge of the bullion was stopped by the first monthly resistance at 1,351.22 level.
On Monday the US Dollar suddenly began a rebound against the monthly PP near the 104.70 mark against the Japanese Yen. However,
The Census Bureau reported that the country's core durable goods orders came in better than expected, posting 1.2% uptick in February and surpassing the forecast of a 0.5% surge.
The Greenback strengthened against its European counterpart, following the US core durable goods orders data released on Friday.
The yellow metal's gains were extended on Friday, as the bullions price surged above the 1,340 mark.
By the middle of Friday's trading the USD/JPY currency exchange rate had extended the decline, as the Buck continued to lose value.
The British Pound jumped versus the Greenback after the UK official bank rate was released on Thursday.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The early hours of Wednesday experienced the bullion breaking one resistance level after another, as the various SMAs and a Fibonacci retracement level where passed.
The big event of the week has passed. He Federal Funds Rate announcement has caused an opposite effect to what theory would suggest.
The British Pound strengthened against the Greenback, following one high and two medium impact releases that were published simultaneously on Friday.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
The British Pound weakened against the Greenback, following the releases of the UK Consumer Price Index and Producers Price Index.
The early hours of Wednesday experienced the bullion breaking one resistance level after another, as the various SMAs and a Fibonacci retracement level where passed.
The Buck has failed to breach the resistance against the Japanese Yen, which was mapped on Monday, as the long term descending trend line has held the ground.
On Tuesday the bullion continued its retreat, as the US Dollar gained strength amid a massive equity sell off.
The US Dollar has extended its gains against the Japanese Yen on Tuesday morning, as the currency exchange rate reached above the 106.50 mark.
The US Census Bureau revealed on Friday that the US building permits data did not meet expectations, showing the growth pace of only 1.30M units in February, following the downwardly revised 1.38M reading in the prior month.
The Euro strengthened against the Greenback, following the release of the EU trade balance report.
During the middle of Thursday's trading the yellow metal ignored the various support levels near the 1,325 mark and began a decline.
The USD/JPY has continued lower on Monday until it suddenly moved to the upside.
The US Census Bureau revealed on Friday that the US building permits data did not meet expectations, showing the growth pace of only 1.30M units in February, following the downwardly revised 1.38M reading in the prior month.
The Greenback weakened against the European single currency, following the release of the US building permits report.