Gold Price News and Forecast: Gold Further losses are likely near-term

FXStreet Team FXStreet

Gold Price Analysis: First hurdle crossed, next bullish levels in sight – Confluence Detector

Gold has recaptured the round $1,800 level and also topped a critical hurdle mentioned earlier in the day. The road is now open for XAU.USD to continue to higher ground.

The Technical Confluences Indicator is showing that the next target is at $1,807, which is the convergence of the Fibonacci 61.8% one-day, the Bollinger Band 1h-Upper, the Fibonacci 23.6% one-week, and more. Read more...

Gold Futures: Further losses are likely near-term

Open interest and volume in Gold futures markets increased by just 476 contracts and by around 19.5K contracts, respectively, on Thursday according to preliminary figures from CME Group.

Gold sees interim support near $1,740/oz

Thursday's price action in Gold was in tandem with rising open interest and volume. That said, the ounce troy of the precious metal closed below the key $1,800 barrier on Thursday and the corrective decline could extend to the 55-day SMA, today at $1,742. Read more...

Gold steadily climbs back to $1800 mark

Gold edged higher through the early European session and steadily climbed back to the $1800 mark, recovering a part of the previous day's losses.

Concerns about the ever-increasing coronavirus cases and worsening US-China relations underpinned the precious metal's perceived safe-haven demand. This coupled with a subdued US dollar price action extended some additional support to the dollar-denominated commodity. Read more...

XAU/USD

Overview
Today last price	1804.92
Today Daily Change	7.64
Today Daily Change %	0.43
Today daily open	1797.28

Trends
Daily SMA20	1782.52
Daily SMA50	1746.11
Daily SMA100	1694.6
Daily SMA200	1607

Levels
Previous Daily High	1813.44
Previous Daily Low	1795.04
Previous Weekly High	1818.17
Previous Weekly Low	1770.16
Previous Monthly High	1785.91
Previous Monthly Low	1670.76
Daily Fibonacci 38.2%	1802.07
Daily Fibonacci 61.8%	1806.41
Daily Pivot Point S1	1790.4
Daily Pivot Point S2	1783.52
Daily Pivot Point S3	1772
Daily Pivot Point R1	1808.8
Daily Pivot Point R2	1820.32
Daily Pivot Point R3	1827.2

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

AUD/USD holds rebound near 0.6900 on US-China trade optimism

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USD/JPY retreat in sync with USD, appraches 158.00

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Gold climbs to two-day highs past $4,100

Gold resumes its recovery and surpasses the $4,100 mark per troy ounce at the beginning of the week. The yellow metal’s solid performance comes amid fresh downside pressure on the US Dollar, shrinking US Treasury yields and a marked retracement in crude oil prices.

Crypto Today: Bitcoin, Ethereum, and Ripple extend downtrend as selling pressure mounts

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Two Huangs don’t make a right: Nvidia CEO caught in scandal – NVDA slides

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Gold reclaimed $4,100. Tuesday’s CPI test decides if it holds

Gold (XAU/USD) starts the week on a positive note, reclaiming the $4,100 psychological level as the US Dollar (USD) retreats from its recent highs. The precious metal recovers from Friday's losses, although investors remain cautious ahead of Tuesday's US Consumer Price Index (CPI) report, which could determine the next direction for Bullion.