The bullion pounded on the first weekly resistance at 1,261.62 on early Tuesday morning. Although the metal did not managed to break easily through the resistance, it did broke off from fluctuating just above the 1,250 level.
The common European currency is trading against the US Dollar in accordance with a lot of technical aspects, as the rate found support on Monday and continued to surge on Tuesday morning.
The common European currency fell on Friday below the 1.10 mark. However, on Monday morning the rate had slightly rebounded.
The yellow metal was in a slight rebound on Monday morning. Previously, the metal retreated after encountering resistance. However, as expected the commodity found support in the strong 1,250 level, which has kept the bullion from falling for more than a week.
US retail sales rose more than expected last month, official data revealed on Friday.
US retail sales rose more than expected last month, official data revealed on Friday.
Еhe number of Americans filing for unemployment benefits remained at its 43-year low last week, official figures showed on Thursday.
The number of Americans filing for unemployment benefits remained at its 43-year low last week, official figures showed on Thursday.
The Euro depreciated on Friday morning against the US Dollar, as the currency exchange rate was looking for support in the second weekly and monthly support levels at 1.1043 and 1.1026.
The bullion retreated on Friday after touching and bouncing off the resistance put up by the 200-day SMA.
On Wednesday the Fed released the minutes of its September meeting, once again refraining from raising interest rates.
On Wednesday the Fed released the minutes of its September meeting, once again refraining from raising interest rates.
The common European currency found support against the US Dollar on early Thursday morning. Afterwards, the currency exchange rate attempted to break through the resistance put up by the weekly and monthly S2s.
On early Thursday morning the bullion scored gains, as it was approaching the 200-day SMA.
US employment growth slowed unexpectedly last month, official data revealed on Friday.
According to the Officials figures, Britain's industrial output dropped in August while the trade deficit widened.
The common European currency traded below 1.1050 on Wednesday morning against the US Dollar. During the past 24 hours the currency exchange rate has fallen almost 100 pips, as the pair fell below a support cluster near the 1.1125 level.
The yellow metal rebounded against the 1,250 mark once more on Wednesday morning.
US employment growth slowed unexpectedly last month, official data revealed on Friday.
According to the Officials figures, Britain's industrial output dropped in August while the trade deficit widened.
The Euro's Monday Rebound failed, and the rate moved lower and reached the below the 1.120 mark on Tuesday morning.
The yellow metal continued to score gains on Tuesday morning, as the metal reached above the 1,260 level.
According to the Officials figures, Britain's industrial output dropped in August while the trade deficit widened.
US employment growth slowed unexpectedly last month, official data revealed on Friday.