Gold Price News and Forecast: XAU/USD trades below the 200-day SMA

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Gold Price Analysis: XAU/USD eyes key $1831 support after benign Fed – Confluence Detector

Gold (XAU/USD) wavers below $1850, consolidating the Fed-led downside, as traders await the US Q4 advance GDP release for a fresh direction. Gold lost ground once again on Wednesday after the Fed left its key rates unchanged while maintaining the current bond-buying at $120 billion per month. Benign Fed and mounting tensions over the covid surge knocked-of the stocks and boosted the safe-haven demand for the US dollar.

Gold Price Analysis: XAU/USD trades below the 200-day SMA

Gold is currently trading below the 200-day Simple Moving Average (SMA) at $1,848, having closed below the long-term technical line on Wednesday.

It remains to be seen if the latest break below the widely-tracked average is sustained. The SMA was breached in late November and couple of times earlier this month. However, sellers failed to establish a foothold under the average support then.

Should sellers succeed this time, more bears may join the market, yielding a deeper decline. Major support is seen at $1,764 (November low). A close above the lower high of $1,875 created on Jan. 21 w

USD/JPY holds pullback from 161.80 on hawkish BoJ-speak

USD/JPY is holding above 161.00 in the Asian session on Friday, on a retreat from its highest level since July 2024 set the previous day. Hawkish BoJ commentary and April Minutes affirm further rate hike expectations, offsetting the softer Japanese National CPI print and support the Japanese Yen as intervention fears loom.

AUD/USD attacks 0.7000 amid stronger US Dollar

AUD/USD attacks 0.7000 in the Asian session on Friday, remaining close to the weekly low, and seems poised to register modest weekly losses. The US Dollar sits near its highest level since May 2025 as the Fed's hawkish tilt overshadows optimism over the US-Iran peace deal, weighing on the pair.

Gold sits at weekly lows below $4,200 as Fed's hawkish tilt boosts USD

Gold falls for the third consecutive day and weakens below $4,200, sitting at a fresh weekly low in the Asian session on Friday. Despite the latest optimism over a US-Iran peace deal, the Fed's hawkish tilt helps the US Dollar preserve its strong weekly gains to over a yearly high, undermining the non-yielding bullion.

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Back above 100: Kevin Warsh’s first Fed meeting sparks US Dollar rally

The US Dollar Index did a phoenix comeback, rising from its ashes and reconquering 100. The reasons behind the US Dollar rally are pretty clear: the Memorandum of Understanding between the United States and Iran, and a hawkish Federal Reserve. Both events were long-awaited and much expected. However, the market reacted with surprise when there were no surprises at all.

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