Greenback gains momentum across the board as Wall Street turned to the downside. XAU/USD about to test August lows near $1,860. Metal resumed their decline on Wednesday. Gold broke under $1,870/oz and tumbled to $1,864, the lowest in six weeks and slightly above the August low at $1,862. XAU/USD remains under pressure, affected by a stronger US dollar across the board and by a deterioration in market sentiment. The greenback gained momentum after the beginning of the American session and despite a mixed US preliminary Markit PMI report. The DXY climbed to 94.30, the highest level since late July. While XAU/USD drops 1.85% while silver (XAG/USD) is losing more than 5, after breaking below the August low. Gold levels to watch The immediate support in XAU/USD is seen at $1,860/62 (August low); the next strong barrier could be seen at $1,815/20. A recovery back above $1,880 would alleviate the short-term bearish pressure, while above $1,915 the technical outlook would improve. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD slumps to fresh multi-week lows below 0.7100 FX Street 1 year Greenback gains momentum across the board as Wall Street turned to the downside. XAU/USD about to test August lows near $1,860. Metal resumed their decline on Wednesday. Gold broke under $1,870/oz and tumbled to $1,864, the lowest in six weeks and slightly above the August low at $1,862. XAU/USD remains under pressure, affected by a stronger US dollar across the board and by a deterioration in market sentiment. The greenback gained momentum after the beginning of the American session and despite a mixed US preliminary Markit PMI report. The DXY climbed to 94.30, the highest level since late July. While… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
