Gold (XAU/USD) Price Forecast: Pullback Targets 50% Retracement Support
Gold hit a new low before bouncing, forming a hammer, with a rally above recent highs testing resistance.
Gold hit a new low before bouncing, forming a hammer, with a rally above recent highs testing resistance.
Barclays expects the ongoing gold bull market to continue providing a fundamental lift to the Peruvian sol (PEN) and South African rand (ZAR), both seen as key gold-sensitive emerging-market currencies. “Gold has been a stand-out performer this year, and we think the bull market still has legs,” the bank said.
The Japanese yen led the majors higher on Tuesday, supported by comments from Japanese officials and US Trade Secretary Scott Besset that eased fears of excessive fiscal stimulus from Japan's new government. While the Bank of Japan (BOJ) is still expected to hold rates steady at 0.25%, Reuters reports policymakers may shift their focus toward future hikes — signalling a potential hawkish tilt.
The Pound to New Zealand Dollar (GBP/NZD) exchange rate slipped on Tuesday as UK fiscal concerns intensified ahead of the Autumn Budget, while the New Zealand Dollar struggled to capitalise amid fading risk appetite. Latest — Exchange Rates:Pound to New Zealand Dollar (GBP/NZD): 2.2959 (-0.62%)Euro to New Zealand Dollar (EUR/NZD): 2.0162.
The Canadian Dollar is on the offensive for a second straight week, with USD/CAD reversing off six-month highs ahead of major event risk. The pair has retreated from uptrend resistance and focus now shifts to whether this pullback marks the start of a larger correction or merely a pause within the broader advance.
Gold slips below $4,000 as US–China trade hopes lift risk appetite
The Pound to US Dollar (GBP/USD) exchange rate slipped on Tuesday as renewed UK fiscal concerns weighed on Sterling ahead of the government's autumn budget. Latest — Exchange Rates:Pound to Dollar (GBP/USD): 1.32817 (-0.44%)Euro to Dollar (EUR/USD): 1.16636 (+0.11%)Dollar to Japanese Yen (USD/JPY): 152.0495 (-0.42%) DAILY.
The Pound to Euro (GBP/EUR) exchange rate tumbled to fresh lows around 1.138 on Tuesday, as renewed fiscal concerns in the UK weighed on Sterling, while the Euro held firm despite disappointing German data. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.13873 (-0.55%)Pound to Dollar (GBP/USD): 1.32817 (-0.44%)Euro to Dollar.
The US Dollar has continued with higher-highs and higher-lows since the bank's last meeting which was also the start of the current rate cut cycle. And while the Fed is widely-expected to cut again tomorrow, and then again in December, the USD has held up fairly well, all factors considered.
AUD/USD firms as traders brace for Australia Q3 inflation data and Fed decision
USD/JPY declines near 152.00 as Yen strengthens on US-Japan trade progress
The Euro to Pound (EUR/GBP) exchange rate climbed to 0.8785 (+0.58%), its highest level since 2023, as the pound weakened ahead of the UK's November 26 Budget. Foreign exchange analysts at Rabobank note that the Pound Sterling has come under renewed pressure against the single currency, with EUR/GBP breaking above its July high, driven.
Silver and platinum markets managed to rebound from session lows.
EUR/USD holds modest gains as markets await Fed interest rate decision
The American currency is losing some ground as traders focus on Consumer Confidence data.
The EUR/USD pair has posted a five-session winning streak, establishing a defined bullish bias in favor of the euro in the short term as key monetary policy decisions approach in both the United States and Europe. For now, buying pressure remains firm amid expectations that the Fed's rate-cut cycle will continue, which could reduce the attractiveness of the U.S. dollar.
Pound Sterling Price News and Forecast: GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
In this week's edition of Technical Tuesday, we are looking at the chart of gold following the metal's recent breakdown. The key question here is that have we seen a top or this merely a blip, before the precious metal reverses course.
USD/CAD extends losses as weak US Consumer Confidence weighs, BoC and Fed eyed
USD/CHF declines for fourth day as Swiss Franc gains, Fed rate cut expected
GBP/USD sinks below 1.33 as UK fiscal woes deepen ahead of budget
The Australian dollar to US dollar (AUD/USD) exchange rate is trading near 0.6578, up 0.3% on the day as the currency rebounds from recent lows. Nomura has turned more optimistic on the Aussie, targeting a move to 0.6875 by the end of December as the dollar's strength fades and domestic inflation data improve.
Gold flashed a rare blow-off top signal in October, after surging 32% in just two months.
The Pound to Dollar (GBP/USD) exchange rate is trading around 1.3265, down 0.56% on the day and nearly 3.5% below its early July peak. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.13824 (-0.59%)Pound to Dollar (GBP/USD): 1.32713 (-0.52%)Euro to Dollar (EUR/USD): 1.16595 (+0.07%) Goldman Sachs expects Pound Sterling to remain on.
The gold market fell a bit in the early hours of the Tuesday session, as we are now below the $4000 level, which, of course, is a large, round, psychologically important level that people will obviously pay attention to.
GBP/JPY weakens to near two-week low as Yen firms on intervention risk and trade optimism
The silver market has been soft in the earlier part of the Tuesday session, as the overbought conditions continue to cause issues. At this point, the market is likely to see volatility, but rallies will be looked at with a bit of caution.
The yen has been subjected to renewed selling pressure following the confirmation of Takaichi as Japanese Prime Minister with the Dollar to Yen (USD/JPY) exchange rate hitting 8-month highs above 153.00 before a retreat to just below 152.00 amid US calls for a stable yen. HSBC considers that the market fears over a Japanese policy shift.
EUR/JPY weakens as Yen rises on US-Japan deal, ECB and BoJ meetings eyed
The US dollar is a bit softer in the early part of the Tuesday session, as we are looking forward to the FOMC interest rate decision and the Bank of Canada meeting as well.
EUR/GBP hits multi-year highs past 0.8760 amid generalised Pound weakness
Pound Sterling Price News and Forecast: GBP/USD declines as UK shop price inflation contracts
Gold extends losses as US-China trade optimism fuels risk-on sentiment
Gold Price Forecasts: XAU/USD hits lows sub-$3,900 weighed by risk-on markets
Silver sinks to $45.55 as risk-on mood and gold weakness weigh. Can bulls hold the 50-day moving average?
It's been a pretty slow session in terms of data and news releases with nothing notable. In the markets, the biggest movers have been precious metals and the yen.
Given the steepness of EURJPY's surge, the 3-month time frame is used to provide a clearer view of price action, showing a breakout beyond the long-term resistance connecting consecutive lows since 1990, and a retest of highs last seen that same year at 178.
USD/JPY plummets to near 152.00 on improving US-Japan trade relations
AUD/USD steadies as RBA rate cut expectations fade, Fed decision looms
Gold managed to resume the drop and managed recently to target and test the edge of the support zone at 3945-65. As we see over the Intraday chart, prices face the chance for a trading zone between support 3945-65 and resistance 4030-50 ahead of the Fed Rate decision tomorrow.
We are still holding our previous outlook for the GBPUSD pair. Signals coming from the market show downtrend pressure with the chance for a trading zone, with support at 1.3250 and resistance at 1.3480-1.3535.
USDJPY managed for the second time to test the resistance of 153.25 to push for a correction. As we see over the Intraday chart, the market still facing the chance for a trading zone between support 151.05-40 and resistance 154.00-20.
The Euro managed last week to hold above the support of 1.1545, giving the chance for another rebound. Price face support at 1.1545 as resistance at 1.1700-20 could create a trading zone.
China's net Gold imports from Hong Kong significantly weaker vs previous year – Commerzbank
Gold and Silver continue to correct – Commerzbank
Gold price drops over 2% as risk appetite rises and support levels near $3782.23 come into play. Will buyers defend the 50-day moving average?
Gold: Gold price rises to a new record high – Commerzbank
Hello fellow traders. In this technical article, we are going to present Elliott Wave charts of GOLD (XAUUSD).
USD/CNH may not break below the y-t-d low of 7.0860 – UOB Group
USD/JPY must first close above 153.00 to continue advancing – UOB Group
NZD/USD: Slight increase in upward momentum – UOB Group
EUR/USD steadies near 1.1650 – BBH
AUD/USD: Expected to edge higher to 0.6575 – UOB Group
Silver Price Forecast: XAG/USD extends decline near one-month low
JPY tops G10 as USD/JPY dips below 152 – BBH
EUR/USD is rising modestly amid a weaker USD as attention turns to the Federal Reserve and ECB rate decisions this week and President Trump's meeting with China's Xi Jinping.
GBP/USD: Likelihood of a continued decline below 1.3295 is diminishing – UOB Group
As the chart shows, the XAU/USD quote has fallen below $3,945 today — its lowest level since 6 October. The downward momentum is being driven by traders' caution ahead of two key events:
Gold prices returned to the 4,000 USD per troy ounce mark on Tuesday, partially recovering from the previous day's 3.2% decline. The initial sell-off was triggered by encouraging developments in US-China trade negotiations.
The Pound to Euro (GBP/EUR) exchange rate dipped sharply to 1-month lows near 1.1430 on Friday before a tentative recovery to 1.1460. MUFG considers that the latest inflation data has increased the potential for a Bank of England (BoE) interest rate cut this year and any cut would undermine the Pound.
Silver price today: Silver falls, according to FXStreet data
EUR/USD is unlikely to break above the major resistance at 1.1680 – UOB Group
Gold drops below $4,000/oz – ING
EUR/USD muted despite tariff headlines – Commerzbank
EUR/USD picks up on risk appetite with central banks' decisions looming
USD/CAD Price Forecast: Holds 20-day EMA ahead of BoC-Fed policy announcement
EUR/JPY Price Forecast: Targets 177.00 support near nine-day EMA
The Japanese yen strengthened on Monday, pushing the USD/JPY pair below the ¥152 mark. The move can be seen as a market reaction to U.S. President Donald Trump's visit to Japan, where he met with the newly elected Prime Minister, Sanae Takaichi.
EUR/GBP edges higher to near 0.8750 due to cautious ECB policy outlook
The U.S. dollar index (DXY) holds near 98.65 as traders await key data and the Federal Reserve's rate decision.
At long last, this might be it. The time for gold to finally meet with its correction to the downside after the surging upside run for the better part of the year.
Gold and silver prices steady ahead of the Fed's policy meeting, as traders await Powell's tone and key U.S. data to gauge rate cut prospects.
AUD/JPY Price Forecast: Crucial upside barrier emerges near 100.00
GBP/JPY slides below 203.00 as JPY gains strong traction on intervention speculation
Pound Sterling Price News and Forecast: GBP/USD trades on a positive note around 1.3365
GBP/USD gathers strength above 1.3350 on Fed rate cut hopes
EUR/USD extends winning streak as US Dollar falls further ahead of Fed's monetary policy
Saudi Arabia Gold price today: Gold falls, according to FXStreet data
Philippines Gold price today: Gold steadies, according to FXStreet data
United Arab Emirates Gold price today: Gold falls, according to FXStreet data
Pakistan Gold price today: Gold steadies, according to FXStreet data
USD/INR rises further Indian Rupee weakens on rising oil price
USD/CHF holds losses below 0.7950 due to diminished odds of SNB's policy easing
India Gold price today: Gold falls, according to FXStreet data
Is a possible reset in relations between the world's two most powerful nations about to see the Chinese yuan strengthen sharply? USD/CNH is coiling in a descending triangle formation, and the risk of a break lower is arguably increasing—even if the reset proves short-lived.
Malaysia Gold price today: Gold falls, according to FXStreet data
NZD/USD climbs to three-week high, eyes 0.5800 amid trade optimism and softer USD
The USD/JPY exchange rate moved sideways as traders focused on the upcoming Federal Reserve and Bank of Japan (BoJ) interest rate decision, and after the first meeting between Donald Trump and Sanae Takaichi, the new Japanese prime minister. It was trading at 152.43, up from the year-to-date low of 139.
EUR/JPY weakens to near 177.50 as US, Japan sign deal to secure rare earths supply
Silver Price Forecast: XAG/USD slips below $47.00 due to optimism over US-China trade deal
Gold bounces off two-week low amid weaker USD, Fed rate-cut bets; trade optimism caps gains
Gold and Silver came under renewed pressure at the start of the week. Gold briefly dropped below 4,000 mark before stabilizing, while Silver's decline gathered pace after breaking key retracement support.
USD/CAD remains below 1.4000 amid dovish tone surrounding Fed decision
PBOC sets USD/CNY reference rate at 7.0856 vs. 7.0881 previous
Silver recently broke the support zone between the support trendline from August, support level 48.00 and the 38.2% Fibonacci correction of the upward impulse from August.
JPY is getting a bit of a tailwind from the meeting coming up between Trump and Japan PM Takaichi. Coming up today - Trump meets Japan's Takaichi to deepen defence, trade cooperation Takaichi has already begun ingratiating herself: Japan PM Takaichi making final arrangements to recommend Trump for Nobel Peace Prize.
Gold Price Forecast: XAU/USD slumps to near $4,000 on US-China trade progress
GBP/USD snaps six-day losing streak as next Fed rate call looms
USD/JPY posts modest losses below 153.00 despite trade optimism
The Pound to Euro (GBP/EUR) exchange rate edged higher at the start of the week as improving global risk appetite bolstered demand for Sterling. Latest — Exchange Rates:Pound to Euro (GBP/EUR): 1.14489 (-0.04%)Pound to Dollar (GBP/USD): 1.33393 (+0.13%)Euro to Dollar (EUR/USD): 1.16512 (+0.17%) DAILY RECAP: The Pound (GBP) started.