Gold Price News and Forecast: XAU/USD gets back above USD1,900

FXStreet Team FXStreet

Gold Price Analysis: Remains below key counter-trendline resistance

Gold is not going down without a fight on the short-term time frames. The broader bias remains in the hands of the bears. Gold is under pressure on the weekly and daily chart, but the 4-hour time frame is proving problematic to the bearish case. There is an opportunity on the weekly chart to trade the next downside extension following the latest correction.

Asia Market: Market setup becomes convoluted web of confusion

Gold gets back above USD1,900/oz despite USD gains and an equity slide as there’s sufficient US pre-election 'safe-haven' demand to buoy bullion. Gold was caught between the bearish impact of a firmer USD and lower bond yields and significantly weaker equities. And while it didn’t rally, it held it its own. This suggests a rise in risk-off appetite, and the consequential stronger US dollar was not enough to drive bullion lower. Indeed, this is encouraging.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.