After spending one full trading day (Thursday) below the 2014 low, the bullion gained enough momentum in order to be pushed back above this crucial technical level.
The Greenback appreciated against the Yen for the third consecutive day last Friday, closing trade at 121.73.
Although the Sterling declined against the US Dollar on Friday, the Cable quickly rebounded and stabilised above the 1.54 major level over the weekend.
EUR/USD increased pressure on bulls as it decided to retreat below the monthly R1 at 1.1196 on Friday.
The Kiwi managed to pierce the monthly S1 and negate Wednesday's losses yesterday; however, the 0.65 major level was not reached.
The Aussie appreciated against the Greenback slightly more than anticipated, as the immediate resistance in face of the weekly S2 was crossed.
Although the EUR/JPY currency pair reached the support cluster around 135.45, trade still closed higher at 136.07.
The USD/CAD behaved according to the forecast, as the Loonie strengthened due to rising oil prices.
Gold failed to consolidate below the 1,125 support mark reinforced by the weekly S1 on Aug 27.
The USD/JPY currency pair behaved in accordance with the forecast, as it surged and stabilised at the 200-day SMA at 121.03.
The Cable dropped to the lowest in the last six weeks yesterday, with the immediate support cluster barely holding the losses.
Support at 1.1295/62 failed to produce any bullish momentum for long traders on Thursday.
The New Zealand Dollar failed to outperform the Buck, which received a boost from better-than-expected Durable Goods Orders data release.
The US Dollar lost its bullish momentum yesterday and edged 45 pips down, stabilising between the weekly and monthly R1s.
After some minor volatility, the Aussie managed to appreciate against the US Dollar and pierce the immediate resistance.
The support cluster around 136.40 failed to prevent the EUR/JPY from edging lower yesterday.
Bearish correction and a third straight day of losses pushed the price of the bullion below the most important support area at 1,131/25, where the XAU/USD rate closed Wednesday evening.
The Greenback not only stabilised above 120.00 yesterday, but also tested the weekly S1 at 120.41.
The Cable sustained unexpectedly heavy casualties on Wednesday, after the US Durable Goods Orders showed a lot better-than-expected results.
As expected, the EUR/USD cross breached an important support line that was targeted by bears yesterday.
The Kiwi experienced substantial volatility to the upside, but remained relatively unchanged yesterday.
The USD/CAD currency pair dropped as low as 1.3144 on Tuesday, but managed to regain the bullish momentum, amid strong US fundamental data results.
The Aussie's attempts to erase Monday's losses were in vain, as the strong US fundamental data caused the AUD/USD currency pair to fall towards the 0.71 major level yesterday.
Although the EUR/JPY cross negated Monday's losses at first, the pair still experienced a slump by the end of the day.