XUA/USD drops below $1850, challenging the recent recovery. DXY strengthens and rises above 91.00, to highest since Monday. Gold broke below $1850 and tumbled to $1837, reaching the lowest level since Monday. It lost more than $20 in a few minutes and then rebounded back toward the $1850 area. The move was triggered by technical factors and a stronger US dollar across the board. The US Dollar Index jumped to 91.05, boosted particularly by a rally of the greenback against main European currencies. At the same time, US yields printed fresh highs, and Wall Street indexes turned negative. Market participants await the outcome of Brexit negotiations and look to conversations between US lawmakers regarding new fiscal stimulus. Also, they are positioning ahead of a key Thursday with the European Union summit and the European Central Bank meeting. From a technical perspective, the positive outlook for gold was damaged with the break out under $1850. A recovery back above would alleviate the pressure. If the decline persists, the next support stands at $1830, followed by $1815. Levels to watch 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 Bank of Canada: Guarded optimism, no surprises – RBC FX Street 2 years XUA/USD drops below $1850, challenging the recent recovery. DXY strengthens and rises above 91.00, to highest since Monday. Gold broke below $1850 and tumbled to $1837, reaching the lowest level since Monday. It lost more than $20 in a few minutes and then rebounded back toward the $1850 area. The move was triggered by technical factors and a stronger US dollar across the board. The US Dollar Index jumped to 91.05, boosted particularly by a rally of the greenback against main European currencies. At the same time, US yields printed fresh highs, and Wall Street indexes turned negative. Market participants… Regulated 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.
