Gold could see limited upside here before it reaches the resistance zone highlighted at 1898.23 – 1900.62. At this area, we could see a trend line breakout and retest and this level lines up with the Fibonacci confluence area as well.
The US dollar strengthened against its G10 currency peers to close above 104, supported by the narrative of a soft landing. The August CPI print
In July, the dollar experienced a significant decline, falling from its peak of 103.5 to a low of 99.5. This was influenced by various factors,
The dollar index retreated from a 2-month high in June, opening at 104.5 on the first day of the month before falling below 102. Towards
The dollar index rallied to a two-month high in May, from a low of 101 to above 104. After the Fed hiked rates to its
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