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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

• 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.

*Previous Trading Session* • On Thursday, gold strengthened on a weak dollar and made highs of 2046, as the US GDP data announced. • However, the prices could not breach the upper trend line of the ascending triangle pattern and ended the day at 2039.17. *Current Situation* • Gold extended Thu

*Report-Projection* As per the Research Report, it was mentioned that: • “With the price holding above $43,000, anticipate a bullish trend, forecasting a potential rally to $45,000.” • A successful flip could propel the price to $45,000. Conversely, a breach below $42,000, coupled

*US Dollar seems to be taking corrections from projected resistance levels* • The US Dollar is witnessing minor weakness in the Asian session on Thursday, after testing the immediate resistance at 102.43 (fib level 0.236). • The index is trending lower in the selling zone and moving towards im

*XAU/USD(Gold) Analysis**Previous Trading Session* • On Wednesday, gold ended the day in a bearish territory (at 2031.25) and fell around 9 points from the opening at 2040. • However, it could not give a close below 2029.72, our previously mentioned support level. *Current Situation* • Gold re