Gold Price News & Forecast: XAU/USD clings to 100-day EMA amid a lack of fresh catalysts

Yohay Elam FXStreet

Gold clings to 100-day EMA amid a lack of fresh catalysts, US-China tussle in focus

Following its first negative daily closing in the week, Gold prices cling to 100-day EMA while flashing $1,465 as a quote during Friday’s Asian session.

Despite challenges to the US-China trade deal and doubts over the global economy, the yellow metal recently dropped as the US dollar (USD) managed to lure risk-averse traders. Read more…

additional important levels

Overview
Today last price	1465.22
Today Daily Change	0.16
Today Daily Change %	0.01%
Today daily open	1465.06

Trends
Daily SMA20	1480.83
Daily SMA50	1490.76
Daily SMA100	1481.72
Daily SMA200	1397.45

Levels
Previous Daily High	1475.7
Previous Daily Low	1462.74
Previous Weekly High	1474.6
Previous Weekly Low	1445.8
Previous Monthly High	1519.04
Previous Monthly Low	1455.5
Daily Fibonacci 38.2%	1467.69
Daily Fibonacci 61.8%	1470.75
Daily Pivot Point S1	1459.97
Daily Pivot Point S2	1454.87
Daily Pivot Point S3	1447.01
Daily Pivot Point R1	1472.93
Daily Pivot Point R2	1480.79
Daily Pivot Point R3	1485.89

Gold technical analysis: Eyes support at $1,456

Gold prices could drop to support at $1,456, the candlestick pattern on the daily chart indicates.

On Thursday, the yellow metal closed below $1,466 – the low of the Wednesday's Doji candle – confirming a bearish reversal. Put simply, the corrective bounce from the Nov. 12 low of $1,445 has ended and the bears have regained control. Read more...

XAU/USD, “Gold vs US Dollar”

Gold has completed the descending impulse at 1461.91. Possibly, the pair may start a new correction towards 1470.20 and then continue trading inside the downtrend with the short-term target at 1463.60. Read more...

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.

EUR/USD deflates to fresh lows, targets 1.1600

The selling pressure on EUR/USD now gathers extra pace, prompting the pair to hit fresh multi-week lows in the 1.1625-1.1620 band on Friday. The continuation of the downward bias comes in response to further gains in the US Dollar as market participants continue to assess the mixed release of US Nonfarm Payrolls in December.

GBP/USD breaks below 1.3400, challenges the 200-day SMA

GBP/USD remains under heavy fire and retreats for the fourth consecutive day on Friday. Indeed, Cable suffers the strong performance of the Greenback, intensified post-mixed NFP, and trades at shouting distance from its critical 200-day SMA near 1.3380.

Gold flirts with yearly tops around $4,500

Gold keeps its positive bias on Friday, adding to Thursday’s advance and challenging yearly highs in the $4,500 region per troy ounce. The risk-off sentiment favours the yellow metal despite the firmer tone in the Greenback and rising US Treasury yields.