Gold Price News and Forecast: XAU/USD

FXStreet Team FXStreet

XAU/USD analysis: Gold is above 1,740

On Tuesday, the XAU/USD exchange rate reversed north from the 100-hour SMA. During today's morning, the rate was trading at the 1,750.00 mark.

It is likely that yellow metal could gain support from the 55-hour moving average near 1,744.00 and continue to appreciate against the US Dollar in the short run. In this case the rate could target the upper line of the rising wedge pattern and the monthly R1 at 1,770.00.

Gold flat-lined below $1750 level, FOMC minutes eyed for fresh impetus

Gold edged lower during the early North American session and refreshed daily lows, around the $1743-42 region, albeit lacked any strong follow-through.

A combination of diverging forces failed to provide any meaningful impetus or assist the precious metal to build on the overnight positive move, instead led to a subdued/range-bound trading action on Wednesday.

XAU/USD

Overview
Today last price	1750.1
Today Daily Change	5.07
Today Daily Change %	0.29
Today daily open	1745.03

Trends
Daily SMA20	1713.79
Daily SMA50	1656.43
Daily SMA100	1619.95
Daily SMA200	1556.34

Levels
Previous Daily High	1748.01
Previous Daily Low	1725.96
Previous Weekly High	1751.8
Previous Weekly Low	1690.05
Previous Monthly High	1747.82
Previous Monthly Low	1568.46
Daily Fibonacci 38.2%	1739.59
Daily Fibonacci 61.8%	1734.38
Daily Pivot Point S1	1731.32
Daily Pivot Point S2	1717.62
Daily Pivot Point S3	1709.27
Daily Pivot Point R1	1753.37
Daily Pivot Point R2	1761.72
Daily Pivot Point R3	1775.42

Gold: Uptrend expected to continue if it rises above 1757.6

Uptrend: The uptrend may be expected to continue in case the market rises above resistance level 1757.6, which will be followed by reaching resistance level 1764.2 and 1775.

Downtrend: A downtrend will start as soon, as the pair drops below support level 1749.5, which will be followed by moving down to support level 1742.4 - 1738.

EUR/USD slumps below 1.1800 on hawkish Fed Minutes, eyes on ECB succession

The EUR/USD pair tumbles to a near two-week low around 1.1785 during the early Asian session on Thursday. The US Dollar strengthens against the Euro on hawkish FOMC minutes that revived speculation about potential interest rate hikes if inflation remains elevated.

GBP/USD extends decline as weak jobs data bolsters BoE rate cut bets

The Pound Sterling continued to backslide under sustained pressure on Wednesday, following through after the UK employment report on Tuesday showed a labour market deteriorating faster than expected.

Gold yearns for acceptance above the $5,000 mark

Gold preserves 2% advance seen on Wednesday as buyers gather pace early Thursday. The US Dollar holds January Fed Minutes-led gains ahead of more US macro data. Gold needs a sustained break above the key $5,000 barrier; daily RSI stays bullish.

Bitcoin approaches a critical zone: Bear pennant projects $56,000

Based on the most recent analyses from February 2026, the short answer is that it is highly unlikely that Bitcoin will reach $100,000 this month.

Mixed UK inflation data no gamechanger for the Bank of England

Food inflation plunged in January, but service sector price pressure is proving stickier. We continue to expect Bank of England rate cuts in March and June. The latest UK inflation read is a mixed bag for the Bank of England, but we doubt it drastically changes the odds of a March rate cut.

Sui extends sideways action ahead of Grayscale’s GSUI ETF launch

Sui is extending its downtrend for the second consecutive day, trading at 0.95 at the time of writing on Wednesday. The Layer-1 token is down over 16% in February and approximately 34% from the start of the year, aligning with the overall bearish sentiment across the crypto market.