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 edges lower below 1.1650 as Middle East tensions fuel US Dollar strength

The EUR/USD pair trades in negative territory around 1.1635 during the early Asian session on Thursday. The US Dollar strengthens against the Euro as escalating Middle East conflict boosts safe-haven flows. Traders brace for the Eurozone Retail Sales and US weekly Initial Jobless Claims reports, which will be released later on Thursday.

GBP/USD tests key moving averages as growth downgrade weighs

GBP/USD was nearly flat on Wednesday, edging up 0.08% to settle around 1.3370 in a quiet session. The pair has fallen sharply from its late-January high near 1.3870 and is now testing the 200-day Exponential Moving Average, with this week's one-week forex heatmap showing Pound Sterling as one of the worst performers against the US Dollar, down about 1.4% on the week.

Gold re-attempts $5,200 amid a softer USD; reduced Fed rate cut bets cap gains

Gold bounces toward $5,200 for the second consecutive day on Thursday amid a modest US Dollar weakness. Wednesday's upbeat US macro data further tempered hopes for three rate cuts by the Fed in 2026. Furthermore, escalating Middle East tensions might continue to benefit the USD's status as the global reserve currency and contribute to capping the bullion.