Gold Price News and Forecast: Sellers to dominate XAU/USD while below $1,800

Gold Price Analysis: XAU/USD continues to push higher, next hurdle aligns at $1,805

After spending the first half of the day in a relatively tight range a little above $1,780, the XAU/USD pair gained traction and rose to a daily high of $1,802. As of writing, the pair was up 0.75% on the day at $1,797.

On the 4-hour chart, the Relative Strength Index (RSI) indicator is edging higher toward 60, suggesting that gold has more room on the upside before becoming technically overbought. Read more...


Gold Price Analysis: Sellers to dominate XAU/USD while below $1,800

Gold snapped a six-day losing streak on Friday and closed around $1,780 but lost more than 2% on a weekly basis. XAU/USD could extend losses toward the $1,750 level, FXStreet’s Eren Sengezer reports.

“On Tuesday, the Conference Board’s Consumer Confidence Index from the US will be watched closely by market participants. As we have seen in the past couple of weeks, a positive reading could help the USD gather strength and force XAU/USD to remain on the back foot.” Read more...

Gold: Suggestions of tapering to put further pressure on XAU/USD –" ING

Growing confidence in the global recovery, especially in the US, is leading to speculation over when the Fed might take its foot off the accelerator and buy fewer Treasuries and Agencies. Any tapering suggestion would put further pressure on gold, strategists at ING Bank report.

“The rise that we have already seen in Treasury yields so far this year has put a fair amount of pressure on gold, with it increasing the opportunity cost of holding it. Any suggestion of tapering would likely put only further selling pressure on the yellow metal.” Read more...


Today last price 1808.2
Today Daily Change 26.16
Today Daily Change % 1.47
Today daily open 1782.04
Daily SMA20 1823.3
Daily SMA50 1853.19
Daily SMA100 1864.08
Daily SMA200 1859.14
Previous Daily High 1791.68
Previous Daily Low 1760.72
Previous Weekly High 1827.11
Previous Weekly Low 1760.72
Previous Monthly High 1959.42
Previous Monthly Low 1802.8
Daily Fibonacci 38.2% 1779.85
Daily Fibonacci 61.8% 1772.55
Daily Pivot Point S1 1764.61
Daily Pivot Point S2 1747.19
Daily Pivot Point S3 1733.65
Daily Pivot Point R1 1795.57
Daily Pivot Point R2 1809.11
Daily Pivot Point R3 1826.53


Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

AUD/USD bounces back above 0.7650 amid risk-recovery

AUD/USD extends the bounce above 0.7650, as the risk sentiment recovers amid retreating US Treasury yields, which put a check on the US dollar's rally. The aussie cheers upbeat NAB Business Survey while shrugging off the sell-off in iron-ore prices. 


Cardano price looks primed to breakout to new all-time highs

Cardano advances unabated on its path towards decentralization. The so-called “Ethereum killer” will reach 100% decentralization by the end of March.  ADA price is holding key support at $1.10 as volume remains light.

Read more

Gold looks to regain $1,700 as US Treasury yields drop

Gold consolidates recent losses from nine-month low flashed the previous day. US stimulus may arrive on Wednesday, US 10-year Treasury yields snap four-day winning streak. Risks remain mildly bid, US dollar refreshes highest levels since Nov 2020.

Gold News

GBP/USD attempts a bounce around 1.3850 amid improving mood

GBP/USD trades close to 1.3850, staging an impressive bounce from 1.38 amid a rebound in the risk sentiment and a drop in the US Treasury yields. 50-day SMA offers immediate support, monthly top adds to the upside barriers.


US Dollar Index eyes minor pullback after four-day winning run

The dollar index (DXY) has retreated from the session high of 92.50 to 92.40. The pullback may be extended further as the hourly chart Relative Strength Index (RSI) shows a bearish divergence. It occurs when an indicator charts lower highs contradicting higher highs on the price chart and often paves the way for pullbacks. 

US Dollar Index News