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

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 price1465.22
Today Daily Change0.16
Today Daily Change %0.01%
Today daily open1465.06
 
Trends
Daily SMA201480.83
Daily SMA501490.76
Daily SMA1001481.72
Daily SMA2001397.45
 
Levels
Previous Daily High1475.7
Previous Daily Low1462.74
Previous Weekly High1474.6
Previous Weekly Low1445.8
Previous Monthly High1519.04
Previous Monthly Low1455.5
Daily Fibonacci 38.2%1467.69
Daily Fibonacci 61.8%1470.75
Daily Pivot Point S11459.97
Daily Pivot Point S21454.87
Daily Pivot Point S31447.01
Daily Pivot Point R11472.93
Daily Pivot Point R21480.79
Daily Pivot Point R31485.89

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...

xauusd chart

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...

xauusd gold h4 graph

Author

Yohay Elam

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.

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