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The dollar's strength across the board prompted several new gold sales to trade Thursday. Common risk aversion can limit the amount of safe hidden metal reductions. Consultants are awaiting the US Q4 GDP report for some meaningful momentum.

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Gold price forecast: XAU / USD sellers will take control below DMA 21, the focus is on Biden's statements

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The EUR/USD pair continues to trade between Fibonacci levels, offering a neutral-to-bearish stance in the near-term. The 4-hour chart shows that the pair is barely above a still bearish 20 SMA, while below the longer ones, which have lost their bullish strength. Technical indicators are directionless, the Momentum around its 100 level and the RSI around 44....

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Gold continued scaling higher through the early European session and climbed to near one-week tops, around the $1857 region in the last hour. Following the previous day's range-bound price action, the precious metal caught some fresh bids on Wednesday and built on this week's goodish rebound from the vicinity of the $1800 mark. The US dollar fell for the third...

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EUR/USD takes offers near 1.2065, down 0.10% intraday, during Monday’s Asian session. The currency pair drops to the fresh low since early December 2020 while stretching Friday’s downside break of 50-day SMA.

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With stocks at lofty levels, any turn lower in equities would be a tailwind for GBP/NZD bulls. GBP/NZD technically has a major multi-month downtrend line, which comes in around the 1.9100 level. Horizontal resistance is from 1.9100-1.9200. A break of this resistance could send the pair back to 1.9500, the 200-day moving average rather quickly.With stocks at lofty...

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EUR/USD's downturn from the Jan. 6 high of 1.2349 has stalled with sellers struggling to keep losses below 1.2140. That level has restricted downside at least three times in the past 72 hours and has neutralized the immediate bearish bias.

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The hourly chart shows gold has broken above the pennant's resistance at $ 1851.48, although the price will need to close hourly above it to confirm a breakout out of the pattern. The bulls are probing the 50-hour moving average (HMA) sloping down at $ 1858, with the Relative Strength Index (RSI) recapturing the moving average and is currently moving up at...

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The EUR/USD pair eased on profit-taking after hitting a year’s high at 1.2309. The daily chart shows that the latest decline seems corrective, as the pair remains above all of its moving averages, which maintain their bullish bias. Technical indicators eased within positive levels, correcting overbought conditions. In the near-term, and according to the 4-hour...

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Gold prices stay positive near a one-week high, currently up 0.80% while easing from the intraday high of $1,900.35 to $1,895, during early Monday. In doing so, the yellow metal extends the last Wednesday’s recovery moves from $1,859 toward the monthly top as the market’s sentiment improve on US President Donald Trump’s signing of the coronavirus (COVID-19) aid package.

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XAU/USD pair climbed to its highest level in a month at $1,896 on Thursday as the selling pressure surrounding the greenback intensified throughout the week. Although the pair lost its bullish momentum on Friday, it settled around 1,880 and still ended up gaining more than 2% on a weekly basis.

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The Producer Price Index released by the Statistisches Bundesamt Deutschland measures the average changes in prices in the German primary markets. Changes in the PPI are widely followed as an indicator of commodity inflation. Generally speaking, a high reading is seen as positive (or bullish) for the EUR, whereas a low reading is seen as negative (or bearish)

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Sterling builds on 2-1/2 year high on Brexit deal hopes, BoE keeps policy unchanged

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EUR/USD bounces off the lows amid fresh vaccine optimism

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EUR/USD is trading closer to 1.2150 after dipping earlier. The FDA is nearing approval of the Moderna vaccine and the European regulator brought forward its process to approve the Pfizer jab to Monday. Brexit and US stimulus headlines are eyed.

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Gold turns south towards $1830 as USD bears take a breather

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That prospects of a re-test of that level would rise once the resistance of the trendline falling from Aug. 7 and Nov. 9 highs is scaled. The trendline hurdle is currently located near $1,930.

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This, in turn, should attract some dip-buying around the AUD/USD pair and help limit any deeper losses. Meanwhile, the US stimulus headlines should continue to play a key role in influencing the USD price dynamics and assist traders to grab some short-term opportunities amid absent relevant market-moving economic releases.