Gold Price News and Forecast: XAU/USD indecisive as traders look ahead to key risk events


Gold Price Analysis: XAU/USD in stasis after ending two-week losing trend

Spot gold prices (XAU/USD) were indecisive on Monday, swinging within a $20 range from the upper $1840s to the upper $1860s. Volatility has died down in recent trade ahead of the start of the Asia Pacific session and the precious metal looks as if it is going to close out the day flat in the mid-$1850s.

Read more ...

XAG/USD

Overview
Today last price 25.34
Today Daily Change -0.12
Today Daily Change % -0.47
Today daily open 25.46
 
Trends
Daily SMA20 25.99
Daily SMA50 25.04
Daily SMA100 24.87
Daily SMA200 22.53
 
Levels
Previous Daily High 26
Previous Daily Low 25.02
Previous Weekly High 26.05
Previous Weekly Low 24.19
Previous Monthly High 27.41
Previous Monthly Low 22.59
Daily Fibonacci 38.2% 25.4
Daily Fibonacci 61.8% 25.63
Daily Pivot Point S1 24.99
Daily Pivot Point S2 24.52
Daily Pivot Point S3 24.01
Daily Pivot Point R1 25.96
Daily Pivot Point R2 26.47
Daily Pivot Point R3 26.94

 

Gold Price Analysis: Investors weigh the covid and stimulus risks, technicaly bearish

Gold is consolidating around $1,855 at the time of writing having travelled between a low of $1,847 and $1,867, virtually flat on the day so far. The mood on Wall Street was mixed at the start of the week with stocks pulling back from record highs amidst covid concerns and stimulus uncertainty. 

US lawmakers continue to debate the coronavirus aid package and investors have questions over the efficacy of the vaccines in curbing the pandemic.

Read more ...

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Get Weekly Crypto trade ideas!  
Empower yourself with the best market insights

Join FXStreet Premium!    

Latest Forex News


Latest Forex News

Editors’ Picks

EUR/USD stabilizes after US retail sales smash estimates

EUR/USD has bounced off its lows but remains below 1.20 after US retail sales smashed estimates with a 9.8% leap. Moreover, jobless claims tumbled to 576,000. Markets are digesting the big bulk of data.

EUR/USD News

GBP/USD rises toward 1.38 ahead of US data, Brexit meeting

GBP/USD is edging up toward 1.38, reversing its previous falls in tense trading ahead of all-important US retail sales. A Brexit-related meeting on Northern Ireland is also eyed. 

GBP/USD News

ETH seizes the spotlight as BTC and XRP contemplate retracement

Bitcoin price shows a correction in play after the MRI flashed a red ‘one’ cycle top signal. Ethereum shows a strong trend continuation while the rest of the market experiences a minor pullback. 

Read more

XAU/USD jumps above $1,760 amid slumping US T-bond yields

Gold extended its daily rally beyond $1,760 on Thursday. 10-year US Treasury bond yield is down more than 4% on the day. US Dollar Index falls into the negative territory below 91.60.

Gold News

Breaking: Citi (C) beats on EPS and revenue, investment banking booms!

Citigroup (NYSE:C) reports Q1 2021 earnings showing strong growth in investment banking following on from Goldman smashing it on Wednesday. Citi shares are trading $74.20 in pre-market up nearly 2%.

Read more

Forex MAJORS

Cryptocurrencies

Signatures