Gold Price News and Forecast: XAU/USD’s retreats from one-week tops, on the defensive below $1810 level

FXStreet Team FXStreet

Gold Price Analysis: XAU/USD remains confined in a range above 200-hour SMA

Gold seesawed between tepid gains/minor losses through the mid-European session and was last seen trading in the neutral territory, around the $1810 region.

A goodish US dollar rebound from six-week lows was seen as a key factor that capped gains for the dollar-denominated commodity. However, a turnaround in the risk sentiment extended some support to the safe-haven XAU/USD and helped limit the downside. Read more...

Gold Price Analysis: XAU/USD retreats from one-week tops, on the defensive below $1810 level

Gold struggled to preserve modest intraday gains to one-week tops and was last seen hovering near the lower end of its daily trading range, just below the $1810 level.

The precious metal gained some traction during the early part of the trading action on Tuesday and built on the recent strong rebound from multi-month lows, around the $1760 region. The uptick was supported by a softer tone surrounding the US dollar, which tends to benefit the dollar-denominated commodity. Read more...

Gold Price Analysis: XAU/USD sees strong support around $1765 –" Standard Chartered

Gold (XAU/USD) has struggled in recent days following the latest surge in US Treasury yields. Analysts at Standard Chartered see strong support for the yellow metal at $1765 followed by the $1690 mark.

“Bond yields are unlikely to drive further gains in gold. The Fed will likely welcome the rise in inflation expectations under its Average Inflation Targeting framework. This means a further rise in real yields could be harder to come by.” Read more...

XAU/USD

Overview
Today last price	1810.58
Today Daily Change	2.30
Today Daily Change %	0.13
Today daily open	1808.28

Trends
Daily SMA20	1820.92
Daily SMA50	1852.79
Daily SMA100	1863.03
Daily SMA200	1859.52

Levels
Previous Daily High	1812.7
Previous Daily Low	1780.75
Previous Weekly High	1827.11
Previous Weekly Low	1760.72
Previous Monthly High	1959.42
Previous Monthly Low	1802.8
Daily Fibonacci 38.2%	1800.5
Daily Fibonacci 61.8%	1792.95
Daily Pivot Point S1	1788.45
Daily Pivot Point S2	1768.63
Daily Pivot Point S3	1756.5
Daily Pivot Point R1	1820.4
Daily Pivot Point R2	1832.53
Daily Pivot Point R3	1852.35

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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