Gold Price News and Forecast: XAU/USD may wake up and resume its rise

Yohay Elam FXStreet

Gold Price Analysis: Levels to watch as coronavirus panic grips markets

Gold has been trading around $1,650, stabilizing after several turbulent days that have sent the price of the precious metal to nearly $1.690 before a substantial correction.

Gold: Consolidation with the Eyes on New Highs

The Gold price backtracked on Tuesday after a volatile session driven by coronavirus worries and its impact on the global economy, which encouraged Gold's visit of the 2013's highs, at $1,683.38 per ounce.

XAU/USD

Overview
Today last price	1643.56
Today Daily Change	-16.12
Today Daily Change %	-0.97
Today daily open	1659.68

Trends
Daily SMA20	1586.17
Daily SMA50	1554.59
Daily SMA100	1516.85
Daily SMA200	1476.29

Levels
Previous Daily High	1689.4
Previous Daily Low	1643.52
Previous Weekly High	1649.32
Previous Weekly Low	1578.88
Previous Monthly High	1611.53
Previous Monthly Low	1517.1
Daily Fibonacci 38.2%	1671.87
Daily Fibonacci 61.8%	1661.05
Daily Pivot Point S1	1639
Daily Pivot Point S2	1618.32
Daily Pivot Point S3	1593.12
Daily Pivot Point R1	1684.88
Daily Pivot Point R2	1710.08
Daily Pivot Point R3	1730.76

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

AUD/USD consolidates above 0.7200 after hot Chinese CPI data

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USD/JPY: Bearish impulse falters around 153.00

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Pi Network's rebound holds as momentum improves

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Oil, Apple and JPY in focus

Oil prices are rising on Wednesday as tit-for-tat strikes between Iran and the US threaten oil supplies as the two sides battle for control of the Strait of Hormuz. Stock futures have switched their attention from a strong earnings season to the challenges ahead, including a 10-year Treasury yield that is hovering close to the 4.8% level.

Diesel’s record $100 warning: The oil shock hiding in plain sight

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