Analyzes

The Euro (EUR) seems to have finally found some momentum on Wednesday, motivating EUR/USD to stage a mild comeback and revisit the 1.1670 region.

Gold prices fell during Asian trading hours, hitting a fresh three-week low of $3,311.58.

The Australian Dollar (AUD) extended its weekly losses, pushing AUD/USD back toward three-week lows near 0.6420, an area coincident with the August floor.

The gold price index has fallen to a three-week low, with losses taking it to the $3311 support level. Before this decline, we had advised on the live trading recommendations page to close the buy recommendation for gold at the current profit to avoid further selling pressure. The recent drop was fueled by the potential…

Amid strong selling pressure, the EUR/USD exchange rate has fallen to its lowest levels, near the 1.1630 support. The pair’s losses came as the market’s focus shifted to geopolitical developments and US-led efforts to mediate a deal in Ukraine.

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