Gold technical analysis: Bulls have their eyes on the 127.2% Fibo target up at $1,560

Ross J Burland FXStreet

Bulls have their eyes on the 127.2% Fibo target up at $1,560.
Meanwhile, on a reversion, a 23.6% retracement to the 1435 level comes into play.

Gold bulls are in control following last week's fight to safety on the trade war escalations between the US and China. Bulls have their eyes on the 127.2% Fibo target up at $1,560 while trading above the 20-day moving average and the 78.60% retracement of the recent ranges. The July swing highs of 1453.95 are a stone throw away at this juncture. Meanwhile, on a reversion, a 23.6% retracement to the 1435 level comes into play. 1421 marks the confluence of the 20, 50 and 200 daily moving averages.

XAU/USD

Overview
Today last price	1451.78
Today Daily Change	11.08
Today Daily Change %	0.77
Today daily open	1440.7

Trends
Daily SMA20	1420.4
Daily SMA50	1382.38
Daily SMA100	1335.94
Daily SMA200	1303.27

Levels
Previous Daily High	1455.8
Previous Daily Low	1430.4
Previous Weekly High	1455.8
Previous Weekly Low	1400.9
Previous Monthly High	1452.72
Previous Monthly Low	1382.02
Daily Fibonacci 38.2%	1440.1
Daily Fibonacci 61.8%	1446.1
Daily Pivot Point S1	1428.8
Daily Pivot Point S2	1416.9
Daily Pivot Point S3	1403.4
Daily Pivot Point R1	1454.2
Daily Pivot Point R2	1467.7
Daily Pivot Point R3	1479.6

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

EUR/USD climbs to daily highs near 1.1820

EUR/USD now picks up pace and advances to the area of daily peaks north of the 1.1800 barrier at the end of the week. The pair’s decent move higher comes against the backdrop of a generalised lack of direction in the FX galaxy and the mild offered stance in the US Dollar.

GBP/USD trims losses, retests 1.3460

After briefly challenging its key 200-day SMA near 1.3440, GBP/USD now manages to regain some balance and revisit the 1.3460 zone on Friday. Cable’s pullback comes as the selling pressure on the Greenback gathers traction, reigniting some recovery in the risk-linked space.

Gold flirts with four-week highs past $5,200

Gold extends its rebound, climbing for a third consecutive session and pushing back above the $5,200 mark per troy ounce on Friday. The move higher continues to draw support from lingering geopolitical tensions and the ongoing uncertainty surrounding US trade policy, both of which are keeping safe-haven demand firmly in play.

Bitcoin, Ethereum and Ripple consolidate with short-term cautious bullish bias

Bitcoin, Ethereum and Ripple are consolidating near key technical areas on Friday, showing mild signs of stabilization after recent volatility. BTC holds above $67,000 despite mild losses so far this week, while ETH hovers around $2,000 after a rejection near its upper consolidation boundary.

Breaking: US and Israel attack Iran, risk aversion to sweep global markets

Early Saturday, United States (US) President Donald Trump announced that the US had begun “major combat operations” in Iran, following Israel’s pre-emptive missile attacks against Tehran.

Starknet unveils strkBTC, shielded Bitcoin transactions on Ethereum Layer 2

Starknet, the Ethereum Layer 2 network developed by StarkWare, today announced strkBTC, a wrapped Bitcoin asset that introduces optional shielding while preserving full DeFi composability.