Gold Price News and Forecast: XAU/USD consolidates the biggest losses in two weeks

FXStreet Team FXStreet

Gold Price Analysis: Bears back in the drivers seat, 1:3 R/R setup in place

Gold prices are weaker as the week goes by and have fallen into the bear's liar. The price of gold has moved into bearish territory offering a trade setup scenario. A 1:3 R/R 4-hour swing trade is on the cards, but the price first needs to correct.

Gold Price Analysis: XAU/USD consolidates the biggest losses in two weeks under $1,900

Gold prices stay pressured around $1,877 during the initial Asian trading on Wednesday. The yellow metal dropped the heaviest since late-September as the market’s risk aversion renewed the US dollar strength the previous day.

US President Donald Trump lashed out at the opposition Democratic Party while closing door on the face of the efforts to unveil details of the much-awaited American aid package. Following the Republican leader’s announcement, the House Senior McConnell also joined the league to denounce the Democrats’ push for more.

XAU/USD

Overview
Today last price	1882.26
Today Daily Change	4.48
Today Daily Change %	0.24
Today daily open	1877.78

Trends
Daily SMA20	1913.09
Daily SMA50	1943.35
Daily SMA100	1857.33
Daily SMA200	1738.64

Levels
Previous Daily High	1921.16
Previous Daily Low	1874.88
Previous Weekly High	1917.16
Previous Weekly Low	1848.82
Previous Monthly High	1992.42
Previous Monthly Low	1848.82
Daily Fibonacci 38.2%	1892.56
Daily Fibonacci 61.8%	1903.48
Daily Pivot Point S1	1861.39
Daily Pivot Point S2	1844.99
Daily Pivot Point S3	1815.11
Daily Pivot Point R1	1907.67
Daily Pivot Point R2	1937.55
Daily Pivot Point R3	1953.95

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.

USD/JPY bulls pause near 160.75 amid intervention risks

USD/JPY is consolidating below 160.75 in Thursday's Asian trading, with intervention fears lending support to the Japanese Yen and capping the pair's upside amid a modest US Dollar downtick. The signing of a US-Iran peace deal to end the war and reopen the Strait of Hormuz undermines the Greenback's reserve-currency status.

AUD/USD rebounds toward 0.7050 on US-Iran deal optimism

AUD/USD bounces back toward 0.7050 in the Asian session on Thursday as the US Dollar retreats from its highest level since late March, touched in reaction to the Fed's hawkish tilt the previous day. The US and Iran electronically signed a MoU aimed at ending the war and reopening the Strait of Hormuz, boosting investors' confidence and undermining the safe-haven USD.

$4,300 reclaimed: Gold bounces as US-Iran peace deal signing offsets Fed’s hawkish hold

Gold is reversing the previous slump early Wednesday, regaining $4,300 after finding fresh buyers near $4,250. The US Dollar retreats as US-Iran peace deal optimism overshadows hawkish Fed outlook. Technically, Gold needs a sustained break above the 21-day SMA near $4,390 to revive the recovery.

Bitcoin loses $65,000 while Ethena and Stellar advance

The broader cryptocurrency market remains divided with Bitcoin slipping below $65,000 on Thursday after Kevin Warsh’s hawkish speech the previous day, while altcoins like Ethena and Stellar advance upwards. Demand for altcoins with real-world utility, linked to stablecoins or tokenized stocks or bonds, fuels the short-term buying pressure.

A new era for the Fed

The Fed has shifted to a more hawkish stance at the first meeting chaired by Kevin Warsh. Although rates were left unchanged, there will be meaningful adjustments to how the Federal Reserve operates in the coming months and years. There are two main takeaways from today’s meeting, firstly what the Fed did, and secondly, what they are planning to do.

Why a hawkish RBA is no longer enough to lift the Australian Dollar

The Reserve Bank of Australia delivered more than what markets expected: a hawkish hold that should have supported the Aussie. But markets widely ignored it, focusing instead on slowing economic growth and proving that central bank messaging alone isn’t always enough to drive currencies.