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• The dollar index has been accumulating substantial bullish strength in the past 3 trading sessions. • In the previous trading session, the index made highs of 102.21 after it gave a bullish breakout above the ascending wedge pattern and above the immediate resistance at 101.67. • However, t

• The dollar index has been accumulating substantial bullish strength in the past 3 trading sessions. • In the previous trading session, the index made highs of 102.21 after it gave a bullish breakout above the ascending wedge pattern and above the immediate resistance at 101.67. • However, t

• Not much has changed for the dollar index and it continues to hover steadily around 101.15, which is its lowest level in 5-months. • The index fell substantially this week from 101.80, however, it found a strong support near 100.60. Yesterday’s Economic Events • On Thursday, Initial Jobless Claims

• Not much has changed for the dollar index and it continues to hover steadily around 101.15, which is its lowest level in 5-months. • The index fell substantially this week from 101.80, however, it found a strong support near 100.60. Yesterday’s Economic Events • On Thursday, Initial Jobless Claims

*Previous Trading Session* • On Tuesday, Gold price extended its daily uptrend and rose to a fresh multi-week high above $2,060. • The benchmark 10-year US Treasury bond yield stays in negative territory below 3.9% after soft US PCE inflation data, allowing XAU/USD to gather bullish momentum.