Dollar edges up, adding to hefty gains; euro slips after inflation data

Dollar edges up, adding to hefty gains; euro slips after inflation data
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Dollar edges up, adding to hefty gains; euro slips after inflation data
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Gold prices fell in the US session after a positive European session, influenced by renewed US Dollar strength and concerns about China’s economic slowdown. Despite the pullback, ETF demand for gold remains strong, and geopolitical risks in the Middle East persist, suggesting buying pressure remains. From a technical analysis perspective, gold has broken out of…
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The EUR/USD pair has failed to break below the crucial support level at 1.0945 and is now facing resistance at 1.1047. This price action suggests a potential consolidation phase before the next move. Key Levels to Watch Resistance Levels: 1.1047: A breakout above this level would indicate that the upside move from 1.0777 has resumed….
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