Gold Price News & Forecast: XAU/USD $1,475 continues to cap upside

Yohay Elam FXStreet

Gold technical analysis: $1,475 continues to cap upside

The yellow metal is currently trading at $1,473 per Oz, having hit a high of $1,475.25 an hour ago. Notably, $1,475 capped upside on Monday, Tuesday and also on Nov. 14.

As a result, it is the level to beat for the bulls. A convincing break higher will likely yield a quick move to $1,480-$1,482. Read more...

XAU/USD struggles to gain altitude despite renewed US-China political tensions

Gold, a classic safe-haven asset, is having a tough time posting gains despite the renewed political tensions between the US and China.

The yellow metal remains trapped in a narrow range of $1,470 to $1,475 for the eighth straight hour. Read more…

Gold Technical levels

XAU/USD

Overview
Today last price	1474.7
Today Daily Change	2.21
Today Daily Change %	0.15
Today daily open	1472.49

Trends
Daily SMA20	1483.7
Daily SMA50	1491.93
Daily SMA100	1480.71
Daily SMA200	1395.85

Levels
Previous Daily High	1475.43
Previous Daily Low	1465.08
Previous Weekly High	1474.6
Previous Weekly Low	1445.8
Previous Monthly High	1519.04
Previous Monthly Low	1455.5
Daily Fibonacci 38.2%	1471.47
Daily Fibonacci 61.8%	1469.03
Daily Pivot Point S1	1466.57
Daily Pivot Point S2	1460.64
Daily Pivot Point S3	1456.21
Daily Pivot Point R1	1476.92
Daily Pivot Point R2	1481.35
Daily Pivot Point R3	1487.28

Author

Yohay Elam

FXStreet

Yohay is in Forex since 2008 when he founded Forex Crunch, a blog crafted in his free time that turned into a fully-fledged currency website later sold to Finixio.

GBP/USD revisits 1.3530; Dollar pushes harder

GBP/USD adds to the weekly correction and recedes toward the 1.3530 zone on Friday. Indeed, Cable faces increasing selling pressure on the back of extra gains in the Greenback, particularly fuelled by Chair Warsh’s speech at the Jackson Hole Symposium and the US NFP Annual Revision (-79K).

EUR/USD breaches below 1.1600, multi-day lows

EUR/USD now accelerates its decline and retreats to seven-day troughs in the sub-1.1600 region at the end of the week. The pair’s pullback comes on the back of the strong rebound in the US Dollar after Chair Warsh delivered a hawkish message in Jackson Hole, while the US NFP Annual Revision came in at -79K.

Gold challenges its 200-day SMA near $4,530

Gold’s decline gathers fresh steam, hitting weekly lows while disputing its critical 200-day SMA near $4,530 per troy ounce. The yellow metal’s increasing weakness comes in response to the generalised upbeat tone in the US Dollar and the widespread rebound in US Treasury yields, as investors continue to reprice a Fed rate hike in September.

Crypto Today: Bitcoin, Ethereum, XRP rally loses steam despite steady ETF inflows

Bitcoin is back below $80,000 at the time of writing on Friday, after a second attempt at breaking resistance between $81,000 and $82,000. Meanwhile, Ethereum and Ripple mirror Bitcoin’s cooling trend, with ETH sliding to $2,500 and XRP falling toward $1.40 support.

Week ahead – RBNZ and BoC decide on rates ahead of all-important US NFP

Dollar rebounds ahead of ISM PMI and NFP data. RBNZ is expected to raise rates; focus to fall on forward guidance. BoC is set to remain on hold; will it raise rates in 2027?

Diesel’s record $100 warning: The oil shock hiding in plain sight

The Oil market may look calmer than it did a few months ago, but diesel is sending a very different message. The US diesel crack spread, the premium of ultra-low sulphur diesel futures over WTI, recently surged above $100 per barrel for the first time, reaching an intraday record of just over $102.00.