Gold Price Forecast: XAU/USD to enjoy further gainstowards the $1,900 mark

FXStreet Insights Team FXStreet

XAU/USD approaches $1,900. Gold buyers are likely to keep reins, however, RSI conditions may test the bulls, FXStreet’s Haresh Menghani reports.

XAU/USD bulls could target $1,900 amid Russia-Ukraine tensions

“Market participants will further take cues from geopolitical developments, which will continue to play a key role in driving the broader market risk sentiment and demand for the safe-haven XAU/USD.”

“Some follow-through strength towards an intermediate resistance near the $1,888 area, en-route the $1,900 mark, remains a distinct possibility. That said, RSI on the daily chart has moved on the verge of breaking into the overbought territory and warrants some caution for aggressive bullish traders.”

“The $1,868-$1,867 region now seems to protect the immediate downside ahead of the $1,858 area. Any further decline would now be seen as a buying opportunity and is more likely to remain limited near the $1,850-$1,848 zone. A convincing break below the latter might trigger a corrective pullback towards the next relevant support near the $1,832-$1,830 region.”

See – Gold Price Forecast: XAU/USD to climb as high as $1,923/1,930 – SocGen

Author

FXStreet Insights Team

FXStreet

The FXStreet Insights Team is a group of journalists that handpicks selected market observations published by renowned experts. The content includes notes by commercial as well as additional insights by internal and external analysts.

GBP/USD appears well offered near 1.3160

GBP/USD builds on Tuesday’s losses, although it now manages to pick up some pace and bounce off earlier multi-month troughs near 1.3140. The Greenback’s solid performance and continued political turmoil in the UK are keeping Cable under persistent pressure, with little sign of a meaningful recovery.

EUR/USD trims losses, hovers around 1.1350

EUR/USD now regains some composure and rebounds to the 1.1350 zone on Wednesday, partially reversing the prior pullback to fresh yearly lows near 1.1320. Meanwhile, spot remains on the back foot as the US Dollar continues to draw support from hawkish Fed expectations and uncertainty over the outcome of US-Iran peace negotiations.

Gold puts $4,000 to the test, new yearly lows

Gold accelerates its decline and gyrates around the key $4,000 mark per troy ounce on Wednesday, its lowest level since November 2025. In the meantime, tighter-for-longer Fed expectations and a broadly firmer US Dollar continue to weigh on the yellow metal, while uncertainty surrounding a potential US-Iran peace agreement has done little to revive demand for the safe haven space.

Crypto Today: Bitcoin, Ethereum, XRP trade under pressure as September Fed rate-hike odds increase

Bitcoin is trading between $62,000 and $63,000 at the time of writing on Wednesday, weighed down by headwinds stemming from macroeconomic uncertainty and geopolitical tensions in the Middle East.

5.90% to 5.45%: Why the Pound ignored the bond market’s relief rally

Keir Starmer resigned on Monday, and the Pound barely moved. That near-silence is the tell. Sterling's real driver these past four months has not been the prime minister, nor the left-leaning frontrunner lining up to replace him, but the long end of the gilt curve, which answers to a force no British politician controls.

Regime change: Inside Kevin Warsh's first move to make the Fed unreadable on purpose

The rate did not move. That was the least interesting thing about Kevin Warsh's first meeting in charge of the Fed. The FOMC held its benchmark at 3.50%-3.75% for the fourth straight meeting, exactly as priced, and then the new chair used his first press conference to dismantle the machinery the market has leaned on for a decade.