Gold Price News and Forecast: XAU/USD clears resistance, but will it hold?[Video]

FXStreet Team FXStreet

Gold: the bulls seems not ready yet [Video]

There is a slight positive bias that has returned to the gold market in the past 24/36 hours. This comes as broad market sentiment has taken fright once more from the Coronavirus and an associated move back into safe have assets has been seen. The question is now whether gold can begin to find traction and break the shackles of the consolidation of recent weeks. Trading clear of the 23.6% Fibonacci retracement (of $1445/$1611) at $1572 and near term resistance at $1577 would open a test of $1591. Read more...

XAU/USD Clears Resistance, but Will it Hold?

The precious metal maintained a bullish momentum which finally allowed price to break past the resistance area of 1573 – 1569. Given that the Stochastics is well overbought, there is doubt if the bullish streak can be maintained.

If prices slip back below this level, we expect the declines to continue. Read more...

Gold in search of a firm direction, stuck in a range around $1575 region

Gold lacked any firm directional bias and oscillated in a narrow trading band around the $1575 region through the early European session on Friday.

A combination of diverging forces failed to provide any fresh impetus, or assist the precious metal to build on the previous session's goodish positive move to over one-week tops.

The downside remains cushioned

Some signs of stability in the global financial markets undermined demand for traditional safe-haven assets and kept a lid on any subsequent positive move for the precious metal.

However, growing market concerns about the negative impact of the deadly coronavirus on the Chinese economy continued lending some support and helped limit any losses. Read more...

Author

FXStreet Team

FXStreet

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD slips below key averages as geopolitical risks mount

GBP/USD fell about 0.35% on Tuesday, settling around 1.3350 after slipping below the 200-day Exponential Moving Average for the first time since early December. The pair has pulled back sharply from its late-January high near 1.3870, shedding over 500 pips in a series of lower highs and lower lows.

Gold sticks to intraday gains above $5,150; upside seems limited amid bullish USD

Gold preserves its modest intraday gains through the Asian session on Wednesday and currently trades just above the $5,150 level, up around 1.30% for the day. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

When rates start driving the bus through a war zone

The volatility regime itself is also changing character. EM carry trades thrive in calm markets. They suffocate in environments that resemble Buckaroo Banzai trading conditions, where headlines move faster than models. That is exactly the world investors are now trying to recalibrate to. Euro rate volatility had been remarkably subdued even while equities were wobbling. That stability is now being questioned, and once volatility leaks into rates it rarely stays contained. Indeed, carry trades love calm seas. War turns the ocean into white water.

Ripple falters amid sell-off jitters and negative funding rates

Ripple (XRP) has come under pressure, drifting lower to $1.35 at the time of writing on Tuesday. The over 2% correction looks poised to erase the previous day’s gains, which lifted the remittance token to $1.42.