Why Property in Switzerland Remains One of Europe’s Most Sought-After Assets?
Dollar in Focus as Dual NFP Report and Global FX Shifts Shape Market Outlook
UK Wage Growth Slows Sharply, Paving the Way for Rate Cuts
Eurozone PMI Signals Resilient Growth Despite Manufacturing Slowdown
Fed Faces Liquidity Pressures as Balance Sheet Freeze Meets Market Ti
Gold price is retreating from three-month highs. In the view of FXStreet’s Dhwani Mehta, the pullback could provide an opportunity to reclaim the $1,800 level.
“The immediate support is now seen at Friday’s low of $1,747, below which a sharp drop toward the September 12 high at $1,735 will be in the offing.”
“If the upside regains traction, Gold bulls could recapture resistance at the August 25 peak of $1,766, making another attempt to test the three-month highs at $1,772. The next relevant target for Gold buyers is seen at the confluence of the bearish 200-Daily Moving Average (DMA) and the August top near the $1,805 mark.”
