Gold Price News and Forecast: XAU/USD volatility still clearly very high [Video]

Gold: Volatility still clearly very high [Video]

Gold has been seeing some wild movements in recent days as a sharp three day rally added over 10% back on to the price (having previously fallen almost -15% during the $1702 to $1450 sell-off). However volatility is still clearly very high and this does not necessarily mean that gold will be traveling entirely in one direction. Read more…



Gold is back at medium-term high again

The gold futures contract gained 5.95% on Tuesday, as it extended its Monday's rally following Sunday's Fed unlimited Quantitative Easing announcement. The yellow metal has retraced all of the recent sell-off, as it got back very close to its March 9 medium-term high of $1,704.30 yesterday. Today, gold is retracing some of the advance. Read more...

gold chart

XAU/USD consolidates gains, trades above $1600/oz

The metal is consolidating the strong advanced made in the last three days as the market holds above the main SMAs on the four-hour chart. As bulls regained control of the market XAU/USD is likely looking to extend gains on a break above the 1628 level en route towards the 1660 resistance and 1700 figure while support is expected to hold near 1605, 1590 and 1560 levels. Read more...

xau usd graph

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Feed news

Latest Forex News

Latest Forex News

Editors’ Picks

When is the Australian Retail Sales and how could they affect AUD/USD?

AUD/USD picks up bids towards 0.7200, currently around 0.7175, before Wednesday’s Tokyo open. The aussie pair dropped heavily in the last few days amid the broad US dollar strength and diminishing market sentiment.

Read more

USD/JPY taking on the bearish commitments at 105 the figure

USD/JPY breaking the 105 figure and bulls look to ride to 105.50. Bears will seek an opportunity to get involved with a fresh impulse to the downside and break monthly support. The DXY rose against most major currencies at the start of this week.


Gold licks its wounds around $1,900

Gold pulls back from $1,898.57 after two consecutive days of downside. Broad US dollar strength becomes the key catalyst. A busy day ahead as Japan returns from extended weekend and monthly PMIs are up for a grab.

Gold News

WTI probes post-API declines to regain $40.00, eyes PMIs, EIA inventories

WTI bounces off $39.64 after declining for three consecutive days. API stocks added 0.691M versus previous draw of 9.517M during the week ending of September 18. Coronavirus resurgence, strong US dollar disappoint energy buyers amid supply glut.

Oil News

Dollar rally sends these currencies to 1 month lows

The US dollar traded higher against all of the major currencies on Tuesday on the back of relatively neutral comments from Federal Reserve Chairman Jerome Powell. Although Powell described the outlook as highly uncertain and ...

Read more