Gold Price News and Forecast: XAU/USD tests monthly R1 [Video]

FXStreet Team FXStreet

Gold: Can the bulls build support above 1744? [Video]

If last week was all about the breakout, it would appear that this week is all about consolidating the move. Since the original March rally tailed off in mid-April, it has effectively taken more than two months for the bulls to make their next move. However, with several false upside dawns in that time, perhaps it is understandable that the market is taking this breakout with caution. We are also cautious with our positive outlook on gold. Holding above $1744 will now be a key gauge as to the outlook of the market. This breakout above $1764 (the old May high) has been consolidated in recent sessions, but the signs are encouraging for the bulls. Read More...

XAU/USD analysis: Tests monthly R1

Yesterday, the XAU/USD exchange rate tried to exceed the monthly R1 at 1,773.62. During Tuesday morning, the continued to test the given resistance.

It is likely that some upside potential could prevail in the market, as yellow metal could gain support from the 55– and 100-hour SMAs near 1,768.00. In this case the rate could exceed the 1,780.00 mark. Read More...

Gold consolidates in a range, around $1770 region

Gold extended its sideways consolidative price moves and remained confined in a narrow trading band, just below the $1775 level.

A combination of diverging forces failed to provide any meaningful impetus to the commodity and led to a subdued/range-bound trading action for the second consecutive session on Tuesday. Concerns about rising coronavirus cases globally and fading hopes of a sharp V-shaped global economic recovery continued benefitting the precious metal's safe-haven status. Read More...

XAU/USD

Overview
Today last price	1770.46
Today Daily Change	-2.10
Today Daily Change %	-0.12
Today daily open	1772.56

Trends
Daily SMA20	1733.7
Daily SMA50	1723.64
Daily SMA100	1670
Daily SMA200	1588.06

Levels
Previous Daily High	1776.13
Previous Daily Low	1765.8
Previous Weekly High	1779.41
Previous Weekly Low	1742.97
Previous Monthly High	1765.38
Previous Monthly Low	1670.72
Daily Fibonacci 38.2%	1772.18
Daily Fibonacci 61.8%	1769.75
Daily Pivot Point S1	1766.86
Daily Pivot Point S2	1761.17
Daily Pivot Point S3	1756.53
Daily Pivot Point R1	1777.19
Daily Pivot Point R2	1781.83
Daily Pivot Point R3	1787.52

Author

FXStreet Team

FXStreet

EUR/USD remains offered below 1.1600, seems vulnerable near multi-month low

The EUR/USD pair struggles to capitalize on the overnight bounce from the 1.1530 region, or the lowest level since November 2025, and lower for the third consecutive day on Wednesday. Spot prices slide back below the 1.1600 mark during the Asian session and seem vulnerable to slide further.

GBP/USD weakens to near 1.3300 as geopolitical risks bolster US Dollar

The GBP/USD pair attracts some sellers to around 1.3310 during the early European session on Wednesday. Escalating conflict in the Middle East triggers a "flight to safety," supporting the US Dollar against the Pound Sterling. Traders will take more cues from the US ADP Employment and ISM Services Purchasing Managers Index reports, which are due later on Wednesday.

Gold sticks to intraday gains above $5,150; upside seems limited amid bullish USD

Gold preserves its modest intraday gains through the Asian session on Wednesday and currently trades just above the $5,150 level, up around 1.30% for the day. Investors remain concerned about a prolonged conflict in the Middle East and its impact on the global economy amid an already uncertain environment.

Bitcoin, Ethereum and Ripple struggle for direction as consolidation persists

Bitcoin, Ethereum and Ripple prices trade with a cautious tone at the time of writing on Wednesday as upside momentum continues to fade across the broader crypto market. BTC remains within a parallel channel, ETH struggles below key resistance, while XRP remains fragile within a descending channel. These top three cryptocurrencies by market capitalization continue to struggle to establish a directional bias amid the consolidation phase.

When rates start driving the bus through a war zone

The volatility regime itself is also changing character. EM carry trades thrive in calm markets. They suffocate in environments that resemble Buckaroo Banzai trading conditions, where headlines move faster than models. That is exactly the world investors are now trying to recalibrate to. Euro rate volatility had been remarkably subdued even while equities were wobbling. That stability is now being questioned, and once volatility leaks into rates it rarely stays contained. Indeed, carry trades love calm seas. War turns the ocean into white water.

Solana Price Forecast: SOL consolidation near resistance as ETF inflows offer mild support

Solana price is facing slight rejection as it approaches the upper boundary of the consolidation range at around $88 on Wednesday. Institutional demand is strengthening as spot Exchange Traded Funds recorded two consecutive inflows so far this week.