Gold Price Forecast: XAU/USD to remain volatile in a familiar range between $1745-$1795

FXStreet Insights Team FXStreet

Gold price is looking to extend post-Fed decline, although the bears lack follow-through amid worsening market mood. In the opinion of FXStreet’s Dhwani Mehta, XAU/USD is set to remain volatile within range amid hawkish Fed and Evergrande crisis.

See – Gold Price Forecast: XAU/USD needs to close above $1834 to extend its recovery – Commerzbank

The volatile trading is likely to continue

“China Evergrande story will continue to remain the main market driver, with the Fed’s hawkish stance seen playing a second fiddle. Should the risk-aversion deepen on the re-emergence of Evergrande fears, XAU/USD could likely see the extension of the rebound in gold price.”

“A breach of the rising trendline support, connecting the September 8 and 20 lows, at $1748 would expose the six-week lows of $1742.”

“Daily closing above the critical $1793 barrier is needed to unleash the recovery gains towards the mildly bearish 200-DMA at $1806. The next relevant resistance is aligned at the horizontal 100-DMA of $1815.”

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.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Changing the game: International implications of recent tariff developments

The Supreme Court ruling on International Emergency Economic Powers Act (IEEPA) tariffs provides limited relief for the rest of the world, with weighted average tariff rates modestly lower.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.