Gold Price Forecast: XAU/USD to see further gains once above $1,814

FXStreet Insights Team FXStreet

Gold bulls are re-attempting the key $1,814 hurdle amid buying resurgence. Acceptance above the latter is critical for further upside, FXStreet’s Dhwani Mehta report.

$1,814 remains a tough nut to crack for XAU/USD bulls

“The Fed speculation-led dynamics in the yields and the greenback will influence gold price in the coming days amid a lack of top-tier US economic news and holiday-thinned trading.”

“Bulls need a decisive break above the December highs of $1,814 to resume the recent uptrend. The next critical bullish target is envisioned at the $1,820 round number.

“Gold buyers remain hopeful so long as the mildly bullish 50-DMA at $1,803 is defended. A break below that level will expose the 200-DMA at $1,797. The 100-DMA at $1,791 is likely to offer strong support on additional declines.”

See – Gold Price Forecast: XAU/USD at risk of plunging below $1,500 – Credit Suisse

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 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 drifts lower heading into NFP range

GBP/USD edged lower by 0.2% on Thursday, settling close to 1.3350 in a strained trading session that kept the pair pinned near three-month lows. Price briefly recovered earlier in the day on reports that Iran had indirectly signaled openness to talks with the CIA, but the bounce faded as Israeli officials reportedly advised Washington to disregard the overture.

Gold recovers above $5,100 ahead of US NFP report

Gold price jumps back above $5,100 in the Asian session on Friday. The precious metal regains traction, helped by a fresh bout of US Dollar selling and persisting risk-off flows. The US employment report for February will take center stage later on Friday.

NYSE parent Intercontinental Exchange partners with OKX, invests at a $25B valuation

OKX announced an investment from Intercontinental Exchange, raising its valuation to $25 billion, alongside a partnership to expand regulated crypto futures and tokenized equity offerings globally.

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.