Gold Price News and Forecast: XAU/USD is testing a critical daily support

FXStreet Team FXStreet

Gold Price Analysis: Bears ready to pounce following key break of support

XAU/USD bears are lurking at a critical level of resistance. Considerable downside prospects are exposed on a downside continuation. Gold is correcting from a significant area of support as pressures mount in general and the focus can be on an optimal shorting point as price meets a significant area of confluence.

Gold Price Analysis: XAU/USD is testing a critical daily support

XAU/USD is in the hands of the bears, but it could be a short-lived victory. The bulls are seeking a discount from a solid support. Gold is testing a critical area of support and the bears remain in control at this juncture. However, there is a probable cause for the upside on failures at a more solid area of demand and the following analysis illustrates just that.

EUR/USD climbs to daily highs near 1.1820

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GBP/USD trims losses, retests 1.3460

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

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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.

Changing the game: International implications of recent tariff developments

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