Gold Price Analysis: XAU/USD closes in on critical resistance near $1,900

Gold is rising for the second straight day on Friday.
Strong support at $1,850 remains intact following Monday's drop.
Several moving averages reinforce resistance area near $1,900.

Eren Sengezer FXStreet

Following Monday's sharp decline, the XAU/USD pair fluctuated in a relatively tight range and struggled to make a decisive move in either direction. However, the pair broke above its consolidation channel on Friday and rose to a four-day high of $1,896.90.

Gold technical outlook

The Relative Strength Index (RSI) on the daily chart is currently testing 50, suggesting that the near-term bearish outlook is turning neutral on the back of Friday's rebound. However, a cluster of key moving averages above the price shows that buyers may remain reluctant to commit to an extended climb.

Both the 50-day and the 100-day SMAs are currently located near $1,900 psychological level, forming a critical resistance in that area. Only a daily close above that level could open the door for additional gains. $1,930 (Fibonacci 38.2% retracement of the June-August uptrend) could be seen as the next target on the upside.

Supports, on the other hand, are located at $1,874 and $1,850 (Fibonacci 50% retracement). With a break below $1,850, sellers could look to take control of XAU/USD.

Gold daily chart

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

EUR/USD gains above 1.1600 as Europe pushes back on Trump’s tariff threat

The EUR/USD pair gains ground to around 1.1625, snapping the four-day losing streak during the early European session on Monday. The US Dollar faces some selling pressure against the Euro after U.S President Donald Trump threatened escalating tariffs on eight European nations that have opposed his plan to take Greenland. US markets are closed on Monday as the country observes Martin Luther King Jr. Day.

GBP/USD gathers strength to near 1.3400 on Trump’s tariff threats

The GBP/USD pair gains traction to around 1.3400 during the early Asian session on Monday. The US Dollar weakens against the Pound Sterling amid US President Donald Trump's latest tariff threats against Europe over ‌Greenland. The US markets are closed in observance of the Martin Luther King Jr. Day holiday on Monday.

Gold rallies to fresh all-time high on Trump's tariff threats, geopolitical risks

Gold catches aggressive bids at the start of a new week and jumps to the $4,700 neighborhood, or a fresh all-time peak, during the Asian session amid the global flight to safety. US President Donald Trump threatened to impose new tariffs on eight European countries that opposed his plan to acquire Greenland.

Dogecoin, Shiba Inu, Pepe in a freefall, echoing Bitcoin’s drop

Meme coins, such as Dogecoin, Shiba Inu, and Pepe, extend the decline from last week, with a roughly 3% drop on Monday. The meme coins trade below the crucial moving averages, aiming for the immediate support to potentially reset the momentum.

When tariffs become ammunition and capital becomes the battlefield

Markets opened the week like a risk engine hitting a pothole at speed. Equities stepped back, gold vaulted to fresh highs, Treasuries caught a bid, and the dollar, outside of havens, took on a soft bid. This was not a data-driven wobble or a valuation purge.