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The Organization of the Petroleum Exporting Countries and its allies (OPEC+) decided to increase their production again on Saturday. OPEC+ planned to raise production at a steady rate by 411,000 barrels per day (bpd) in July, following an increase in May and June. The group noted in a statement that a “steady global economic outlook and current healthy market...

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GBP/USD stays in the offered position on Tuesday and trades in the low-1.3500s, constantly following the strong rise in the Greenback. In the meanwhile, Cable's price movement is in line with Bailey's cautious tone and the mixed data from the US docket.

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As for USD/JPY pair, last week's failure near the 61.8% Fibonacci retracement level of the recent downfall from the monthly peak and a subsequent fall below the 200-period Simple Moving Average (SMA) on the 4-hour chart favors the bears. This, along with negative oscillators on daily/hourly charts, suggests that the path of least resistance for spot prices remains...

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The EUR/USD pair trades around 1.1380, and the daily chart shows the slide could continue, although the risk of a steeper slide is well-limited. The pair trades above all its moving averages, with a flat 20 Simple Moving Average (SMA) providing support in the 1.1270 price zone. At the same time, the 100 SMA keeps advancing beyond a directionless 200 SMA, both far...

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Gold price maintains its offered tone below a four-week top touched earlier this Tuesday though it has managed to rebound slightly from the daily low set during the first half of the European session. The intraday slide is sponsored by the emergence of some US Dollar buying, which tends to undermine demand for the commodity.

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From a technical perspective, the XAU/USD pair is likely to confront a stiff barrier near the $3,326-3,328 supply zone. Against the backdrop of last week's bounce from the 200-period Exponential Moving Average (EMA) pivotal support on the 4-hour chart, a sustained strength beyond will be seen as a fresh trigger for bullish traders. The subsequent move up could...

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The Relative Strength Index (RSI) moves sideways slightly below 50 and GBP/USD trades at around the 50-period and the 20-period Simple Moving Averages (SMA) on the 4-hour chart, reflecting a lack of directional momentum. On the upside, 1.3500 (mid-point of the ascending channel, round level) could be seen as the first resistance level ahead of 1.3600 (end-point...

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On the flip side, any subsequent move up might now confront some hurdle near the $3,340-3,345 region. The latter coincides with the ascending trend-line breakpoint, above which a fresh bout of a short-covering could lift the Gold price to over a two-week high, around the $3,365-3,366 zone touched last Friday. The subsequent move up should allow the XAU/USD pair to...

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Gold takes a step back as investors flee to risk assets following the agreement between Trump and von der Leyen to continue to negotiate about trade. Still, the delay is only a minor one, by just a month, and brokering a trade agreement between the two blocs is nearly impossible to do in such a short time span.. Therefore, these headlines need to be seen as brief...

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MENU Show navigationFXStreet XAU/USD Editorial Gold Forecast and News Gold keeps the bullish tone near $3,350 Gold extends its weekly advance, trading around $3,350 per troy ounce on Friday. The rally in XAU/USD is driven by broad-based weakness in the Greenback, particulalry after President Trump’s threat to impose 50% tariffs on European imports. Latest...

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From a technical perspective, the overnight pullback from a two-week top shows some resilience below the 23.6% Fibonacci retracement level of the move up from the monthly low touched last week. Adding to this, oscillators on hourly/daily charts are holding in positive territory, suggesting that the path of least resistance for the Gold price remains to the upside....

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From a technical point of view, the daily chart for the XAU/USD pair shows it reached resistance at around a mildly bearish 20 Simple Moving Average (SMA) currently at $3,287.80, while the 100 and 200 SMAs maintain their firmly bullish slopes far below the current level. Technical indicators, in the meantime, gain upward traction but remain around their midlines....

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XAU/USD Editorial Gold Forecast and News Gold meets daily resistance around $3,250 Gold regained momentum on Monday, climbing toward the $3,250 mark per troy ounce in response to a cautious market tone. In fact, investors sought safe-haven assets in response to Moody’s downgrade of the US government’s credit rating and renewed trade concerns. Latest XAU/USD...

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Interested in weekly EUR/USD forecast? Our experts make weekly updates forecasting the next possible moves of the Euro-US Dollar pair. Here you can find the most recent forecast by our market experts:

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Gold kept up its bullish momentum on Thursday, climbing to fresh daily highs above the key $3,200 mark per troy ounce. The move is getting a boost from a softer Greenback and a generally cautious mood in global markets, while the initial excitement around the US–China trade deal continues to fade. XAUUSD now buy 3224 Support 3250 Support 3270 Target 3300

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EUR/USD continues to pull back from its intraday highs near 1.1270, edging closer to key support around 1.1200 as the US Dollar keeps trimming earlier losses. Despite the retreat, the pair is still holding onto modest daily gains ahead of Thursday’s remarks from Fed Chair Powell and a batch of high-impact US data.

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Gold dips back to $3,225 on Wednesday as it faces renewed outflows, erasing almost all the gains registered on Tuesday. Softer-than-expected inflation data for April released on Tuesday provided a sigh of relief for markets, with the widely-feared inflation shock from tariffs not materializing yet. XAUUSD now buy 3233 Support 3250 Support 3260 Support 3280 Resistance 3200

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Bitcoin (BTC) price is stabilizing around $103,000 at the time of writing on Friday after rallying nearly 10% this week. The sharp price increase was supported by improved market sentiment as US President Donald Trump announced a trade deal with the United Kingdom (UK), partly easing the tariff-related uncertainty that has weighed on crypto since Trump's...