Gold Price News and Forecast: XAU/USD techincal chart signals caution for the bulls

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD remains vulnerable, break below 200-DMA awaited

Gold traded with a mild negative bias through the mid-European session and was last seen hovering near the lower end of its daily range, around the $1805 region.

The XAU/USD now seems to have found acceptance below a three-day-old ascending trend-channel, which constituted the formation of a bearish flag on short-term charts. Bearish technical indicators on hourly/daily charts add credence to the negative set-up and support prospects for an extension of the recent downward trajectory. Read more...

Gold: Techincal chart signals caution for the bulls

Gold is edging lower but holding above $1,800. US dollar weakness and vaccine doubts offer support to the yellow metal while technical chart warrants caution for the XAU/USD bulls, FXStreet's Dhwani Mehta reports. Read more...

Gold Price Analysis: XAU/USD hangs near multi-month lows, just above $1800 mark

Gold has managed to recover an intraday dip to the $1803 region, albeit lacked any strong follow-through buying. The commodity was last seen trading around the $1810 region, nearly unchanged for the day. Read more...

XAU/USD

Overview
Today last price	1781.42
Today Daily Change	-27.68
Today Daily Change %	-1.53
Today daily open	1809.1

Trends
Daily SMA20	1874.6
Daily SMA50	1888.79
Daily SMA100	1910.41
Daily SMA200	1798.36

Levels
Previous Daily High	1818.36
Previous Daily Low	1804.92
Previous Weekly High	1899.14
Previous Weekly Low	1852.8
Previous Monthly High	1933.3
Previous Monthly Low	1860
Daily Fibonacci 38.2%	1813.23
Daily Fibonacci 61.8%	1810.05
Daily Pivot Point S1	1803.23
Daily Pivot Point S2	1797.35
Daily Pivot Point S3	1789.79
Daily Pivot Point R1	1816.67
Daily Pivot Point R2	1824.23
Daily Pivot Point R3	1830.11

Author

FXStreet Team

FXStreet

EUR/USD struggles to regain momentum in the low1.1600s

EUR/USD is giving some signs of life in the aftermath of two severe days of losses on Wednesday, reclaiming the 1.1600 hurdle and above on the back of the resurgence of a mild selling bias around the US Dollar. Moving forward, the usual US weekly Claims will take centre stage on Thursday ahead of Friday’s crucial NFP data.

GBP/USD appears bid around 1.3370

GBP/USD reverses part of its recent multi-day decline, gathering some balance and managing to reach the 1.3400 region, where some initial resistance seems to have turned up. Cable’s uptick comes in response to some loss of momentum in the Greenback despite the geopolitical scenario remaining fragile.

Gold recovers modestly despite intensifying Middle East crisis

Gold keeps its daily gains well in place, although a break above the $5,200 mark per troy ounce still remains elusive on Wednesday. The yellow metal’s rebound comes in response to the persistent flight-to-safety amid intense geopolitical tensions in the Middle East and the bearish performance of the US Dollar.