Gold Price News and Forecast: XAU/USD eyes $1,842 as bulls gain control

FXStreet Team FXStreet

Gold beats resistance at 1815/18

Gold Spot bounced in severely oversold conditions but way further than I expected recovering 3 days of losses to hit 1817.

Gold beats resistance at 1815/18 for a buy signal targeting 1828/29, perhaps as far as 1832/34. We could even reach strong resistance at 1840/45. First support at 1818/15 but longs need stops below 1810. A break lower targets 1804/03 with support at 1798/95. Be ready to sell a break below 1790 for 1785/84, perhaps as far as 1776/75. Read more...

Gold Price Analysis: XAU/USD eyes $1,842 as bulls gain control – Confluence Detector

Gold has been extending its gains, marching forward as hopes for fiscal stimulus have returned. A bipartisan group of Senators unveiled a $908 billion program – that could be the beginning according to both Democrats and Republicans. The precious metal is benefiting from the speculation of more funds flowing to markets.

How is XAU/USD positioned on the charts? The path of least resistance remains to the upside. Read more...

Gold’s technical analysis: Advances yet to conquer dominant bearish structure

Gold is engaging the 1,825 level, in-line with the Ichimoku cloud’s lower surface, which happens to be the 61.8% Fibonacci retracement of the up leg from 1,670 to the all-time high of 2,074. Simultaneously thrusting above the 1,818 border coupled with the 50-period simple moving average (SMA), the bulls are still facing a commanding bearish structure, echoed within the falling slopes of the SMAs.

The short-term oscillators are reflecting strengthening positive momentum. The MACD is some distance above its red trigger line and is stepping above the zero threshold, while the RSI is improving in the bullish territory. Furthermore, despite easing in the overbought region, the stochastic lines have yet to confirm bearish tendencies below the 80 mark. Read more...

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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 rebounds ahead of US ADP, will it last?

Gold finds renewed Asian bids and retests $5,230 early Wednesday after the heavy sell-off on Tuesday. The US Dollar stands tall amid escalating Middle East tensions and reduced dovish Fed expectations. Gold defends $5,000 or 50% Fibo level after facing rejection at the 78.6% Fibo resistance at $5,342 amid bullish RSI.