Gold Price News and Forecast: The level to beat for bulls is the 1485 resistance

FXStreet Team FXStreet

Gold price analysis: XAU/USD bulls giving up near $1480/0z?

Gold daily chart

Gold started December with a sharp bounce to the 1480 resistance. The market is also battling with the 50 and 100-day simple moving averages (SMAs), which are located just above the resistance.

Gold four-hour chart

The metal is consolidating Tuesday’s gains near the 1480 resistance and the 200 SMA. If buyers overcome the 1485 resistance, XAU/USD could grind up towards 1493 and 1520 if the market gathers enough momentum. Support is seen at the 1472 and 1465 level.

Gold drops within bullish territory, trade war uncertainties and soft USD prevail

The value of an ounce of gold dropped on Wednesday following a Bloomberg report. The report indicated that a trade deal between the US and China was in the making. The news comes despite a series of prior and less promising headlines stemming from US President Donald Trump's 'chess-play' in signing the Hong Kong Human Rights and Democracy Act, legislation supporting protesters in the territory.

XAU/USD

Overview
Today last price	1474.04
Today Daily Change	-3.16
Today Daily Change %	-0.21
Today daily open	1477.2

Trends
Daily SMA20	1465.53
Daily SMA50	1483.61
Daily SMA100	1486.17
Daily SMA200	1402.78

Levels
Previous Daily High	1481.7
Previous Daily Low	1459.92
Previous Weekly High	1466.62
Previous Weekly Low	1450.74
Previous Monthly High	1515.38
Previous Monthly Low	1445.8
Daily Fibonacci 38.2%	1473.38
Daily Fibonacci 61.8%	1468.24
Daily Pivot Point S1	1464.18
Daily Pivot Point S2	1451.16
Daily Pivot Point S3	1442.4
Daily Pivot Point R1	1485.96
Daily Pivot Point R2	1494.72
Daily Pivot Point R3	1507.74

Author

FXStreet Team

FXStreet

EUR/USD eyes nine-day EMA barrier after rebounding from 1.1600

EUR/USD gains ground after registering modest losses in the previous session, trading around 1.1620 during the Asian hours on Friday. The technical analysis of the daily chart suggests an ongoing bearish bias as the pair remains within the descending channel pattern.

GBP/USD: Pound Sterling ticks up against US Dollar in countdown to US NFP

The Pound Sterling trades marginally higher to near 1.3365 against the US Dollar during the Asian trading session on Friday. The GBP/USD pair edges up as the US Dollar ticks down ahead of the United States Nonfarm Payrolls data for February, which will be published at 13:30 GMT.

Gold awaits US Nonfarm Payrolls for a clear directional impetus

Gold rebounds above $5,100 early Friday after testing the $5,050 level amid global sell-off. The US Dollar pulls back as profit-taking creeps in ahead of US labor data. For February. 21-day SMA holds amid bullish RSI; a daily closing above 61.8% Fibo is critical for Gold buyers.

Ethereum pull in $169M as validators pile in to stake ETH

US spot Ethereum exchange-traded funds recorded $169 million in net inflows on Wednesday, marking the largest daily intake in two months, according to SoSoValue data. The rise in inflows signals renewed institutional interest in Ethereum amid broader market volatility.

The market compass is pointing at a barrel of Oil

The Asian open is arriving with equities leaning the wrong way, and the reason is not complicated. The market’s compass needle has snapped firmly toward crude. In this tape, oil is not just another input price; it is the gravitational center around which every asset class is orbiting.

Ripple tests recovery strength amid steady ETF inflows, growing retail interest

Ripple (XRP) continues to demonstrate notable resilience as the cryptocurrency market navigates the persistent war in the Middle East after the United States (US) and Israel attacked Iran on Saturday.