XAU/USD
Breaking: $4,400 key support broken as Gold drops to two-month low on fresh Iran escalation
Breaking: $4,400 key support broken as Gold drops to two-month low on fresh Iran escalation
investingLive Asia-Pacific FX news wrap: Gulf hostilities, ceasefire end? Gold slammed.
Oil dominated the session from start to finish, and the arc of the price action told the story of the day. Prices initially pushed higher after a US official confirmed that American forces had struck an Iranian military site near Bandar Abbas and intercepted four one-way attack drones that had been launched toward a US navy vessel and a commercial ship.
Gold Weakens Further, Downside Momentum Starts Accelerating
The 4-hour chart of XAU/USD indicates that the price even declined below $4,500, the 100 Simple Moving Average (red, 4 hours), and the 200 Simple Moving Average (green, 4 hours). A low was formed at $4,401, and the price is now consolidating losses.
Gold flatlines near $4,450 on US-Iran uncertainties, US PCE inflation data looms
Gold flatlines near $4,450 on US-Iran uncertainties, US PCE inflation data looms
Gold (XAU/USD) Price Forecast: Bulls Defend Critical Trend Support
Gold tested major support near its 200-day moving average before rebounding, raising the possibility that the recent bearish correction may be nearing completion.
Gold News: XAUUSD Breaks Bear Market Line as Dollar and Yields Firm
Gold prices hit a 2-month low as firmer yields, a stronger dollar and Fed rate hike bets keep pressure on XAUUSD ahead of key PCE data.
Gold (XAUUSD), Silver, Platinum Forecasts – Gold Dives As Traders Worry About Hawkish Central Banks
Iran deal optimism did not provide support to precious metals markets.
Gold Price Analysis – Gold Drops Again on Wednesday. Can it Bounce?
The gold market has drifted lower on Wednesday, as traders continue to see a lot of downward pressure on precious metals overall. With this, the market looks likely to be a “fade the rally” situation.
Gold Price Alert: XAU/USD Support Finally Breaks
Michael Boutros, FOREX.com Senior Market Analyst, breaks down the growing technical risks facing gold prices as momentum deteriorates and key long-term support levels begin to fail. Gold is now approaching a critical pivot zone after falling nearly 9% from the April high, with traders closely watching U.S. inflation data, Federal Reserve expectations and geopolitical headlines from Iran for the next major catalyst.
XAU/USD: Gold Remains at the Back Foot on Fragile Geopolitical Situation
Gold holds in red for the second consecutive day on Wednesday and pressure the floor of seven-day range ($4453), also moving into lower part of short-term bear-channel (off $4889, mid-Apr peak).
Gold declines as inflation worries weight despite Oil sell-off
Gold declines as inflation worries weight despite Oil sell-off
Gold (XAUUSD) & Silver Price Forecast: Ceasefire Holds – Gold Tumbles Below $4,500, Silver at $76.59?
With the stable Middle East truce reducing geopolitical risk premium, gold and silver reacted to technical pressure. Gold broke lower below $4,500 targeting $4,453 while silver held near $76.59 with neutral-to-bearish structure.
