Gold Price News and Forecast: XAU/USD remains below 1,875.00

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD eyes 100-HMA support ahead of US PMIs, Biden

Gold (XAU/USD) is licking its wounds above $1860, although remains exposed to downside risks amid a broadly stronger US dollar and mixed technical view.

The US dollar remains on the bid, drawing haven demand amid potential risks to US President Joe Biden's $1.9 trillion stimulus proposal and mounting coronavirus concerns globally. Read more...

XAU/USD analysis: Remains below 1,875.00

As apparent on the chart, the XAU/USD exchange rate failed to surpass the 1,875.00 level.

It is likely gold could gain support from the 100– and 200-hour moving averages near 1,850.00 and trade upwards in the short term. In this case the price for gold could target the psychological level at 1,890.00. Read more...

Gold: Rising inflation to keep real interest rates low, a key support for XAU/USD – ANZ

Although economic growth and rising yields have weighed on the gold price, economists at ANZ Bank see the backdrop as supportive as rising inflation keeps the real interest rate lower.

On Friday, gold (XAU/USD) is consolidating within Thursday's trading range above $1850, as investors await President Joe Biden's speech for the next direction. Read more...

XAU/USD

Overview
Today last price	1838.93
Today Daily Change	-30.19
Today Daily Change %	-1.62
Today daily open	1869.12

Trends
Daily SMA20	1876.86
Daily SMA50	1860
Daily SMA100	1883.53
Daily SMA200	1846.86

Levels
Previous Daily High	1875.2
Previous Daily Low	1858.43
Previous Weekly High	1863.83
Previous Weekly Low	1816.96
Previous Monthly High	1906.87
Previous Monthly Low	1775.52
Daily Fibonacci 38.2%	1864.84
Daily Fibonacci 61.8%	1868.79
Daily Pivot Point S1	1859.97
Daily Pivot Point S2	1850.81
Daily Pivot Point S3	1843.2
Daily Pivot Point R1	1876.74
Daily Pivot Point R2	1884.35
Daily Pivot Point R3	1893.51

Author

FXStreet Team

FXStreet

EUR/USD remains heavy near 1.1600 after hot EU inflation data

EUR/USD remains heavily offered near 1.1600, six-week lows, in the European session on Tuesday. The pair fails to find any inspiration from a surprise pick up in Eurozone inflation for February, as the US Dollar continues to attract safe haven flows amid escalating geopolitical tensions in the Middle East.

GBP/USD attacks 1.3300, refreshing three-month lows

GBP/USD is deep in the red near 1.3300, accelerating its downside to renew three-month lows in European trading on Tuesday. The ongoing escalation in the Iran war, combined with rising Oil prices, weighs negatively on the higher-yielding Pound Sterling as the US Dollar capitalizes on increased haven demand.

Gold falls below $5,300 as stronger USD counter Middle East woes

Gold attracts some intraday selling and falls below $5,300 on Tuesday. The US Dollar climbs to a fresh high since January 20 and turns out to be a key factor exerting downward pressure on the commodity. However, concerns about a broader regional conflict in the Middle East continue to weigh on investors' sentiment and underpin demand for the traditional safe-haven bullion.

Stellar risks deeper losses as derivatives metrics turn negative

Stellar is trading red below $0.16 at the time of writing on Tuesday, after a slight recovery the previous day. Weakening derivatives data caps the recovery, while an unfavorable technical outlook projects a deeper correction for the XLM token in the upcoming days.

Middle East conflict ramps up a gear as energy price spike rips through markets

It’s another risk off day as geopolitical headwinds continue to batter financial markets. Although markets calmed during the US session and US stocks managed to post gains on Monday, this has not fed through to the European session, and stocks and bonds are sharply lower for a second day.

Hyperliquid Price Forecast: HYPE rises on commodities demand amid US-Iran war

Hyperliquid (HYPE) steadies above $33 at press time on Tuesday, marking its fourth consecutive day of recovery in a broadly volatile market due to the ongoing US-Israel strikes on Iran.