Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
The yellow metal is set to surge and, amidst the surge, to struggle with the 20-day SMA at 1,340.40.
The common European currency fell down to the support cluster below on Monday and rebounded against it, as the currency exchange rate continued to surge on Tuesday.
The bullion began its fall on Friday, and it did not stop on Monday morning, as the metal reached the weekly S1 at 1,331.
As it was forecasted before, the EUR/USD pair did not pass the resistance at 1.1353 on Friday, and it is moving lower on Monday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
On Friday morning, the bullion reached the monthly pivot point at 1,345.31, as the commodity price was falling. However, gold rebounded against the monthly PP, and started bouncing between the 1,351.70 level and the monthly PP at 1,345.31.
The Euro met with resistance against the US Dollar at 1.1353, which it is not capable of passing, as the currency exchange rate reached the monthly R2 on Thursday.
Initial jobless claims posted a surprise fall, fresh data revealed on Thursday.
Britain's retail sales rose more than expected last month, fresh data from the UK Office for National Statistics revealed on Thursday.
The yellow metal stopped fluctuating around the 1,340 level on Wednesday, as the metal finally ended a session above the monthly PP at 1,345.31.
The Euro has slowed down its surge against the US Dollar, as the currency exchange rate encountered resistance put up by the weekly R2 at 1.1302.
The number of people filing for unemployment benefits in Britain dropped unexpectedly in the seventh month of the year, official data revealed on Wednesday.
US core consumer prices grew less than expected last month, official data showed on Tuesday.
The yellow metal returned back to the weekly pivot point at 1,340.78 on Wednesday morning, where it is most likely to find support and surge once again.
The EUR/USD pair is struggled to find support in the first monthly resistance level at 1.1263 by 6:00 GMT. However, the rate is most likely to continue the surge.
US core consumer prices grew less than expected last month, official data showed on Tuesday.
On Tuesday, the Office for National Statistics has revealed the UK's inflation rate on the yearly basis which is still quite weak.
At the start of Tuesday's trading session, the yellow metal surged and passed the 1,345 mark. Such a move might be an indicator that the metal will stop fluctuating around the 1,340 level, as it did for the past week.
The EUR/USD continued to surge on Tuesday, as the pair moved past the 1.12 mark. Previously, the Euro fell and bounced off the weekly PP against the US Dollar on early Monday morning.
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.
Sales at US retailers unexpectedly fell in July, official data revealed on Friday.