{"id":158135,"date":"2023-09-18T23:34:33","date_gmt":"2023-09-18T18:04:33","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=158135"},"modified":"2023-09-18T23:34:33","modified_gmt":"2023-09-18T18:04:33","slug":"xau-usd-holds-above-the-20-and-200-day-sma-upside-limited-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/xau-usd-holds-above-the-20-and-200-day-sma-upside-limited-crypto-news\/","title":{"rendered":"XAU\/USD holds above the 20 and 200-day SMA, upside limited &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"fxs_article_content\">\n<p>\n                        <span class=\"fxs_socialmedia_bar_share_label\">Share:<\/span><\/p>\n<ul>\n<li><strong>XAU\/USD rose to the $1,930\u00a0area, up by 0.40%.\u00a0 \u00a0\u00a0<\/strong><\/li>\n<li><strong>Markets remain cautious ahead of central bank decisions this week.<\/strong><\/li>\n<li><strong>US yields remaining high limit the metal\u2019s upside.<\/strong><\/li>\n<\/ul>\n<p>On Monday, the Gold spot price XAU\/USD is holding above the 20 and 200-day Simple Moving Average (SMA) convergence at $1,922-1,923, rising to $1,930. Markets remain cautious ahead of the Federal Reserve (Fed), <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boe\">Bank of England<\/a> (BoE) and Bank of Japan (BoJ), where the British bank is the only one expected to hike <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/rates\">rates<\/a>.<\/p>\n<p>In line with that, similar to the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/ecb\">European Central Bank<\/a> (ECB) last week, the (BoE) is expected to deliver a dovish 25 basis point hike, highlighting stagflation risks. Likewise, investors are discounting that the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/boj\">BoJ<\/a> will maintain its ultra-dovish stance.<\/p>\n<p>On the Fed\u2019s side, it is widely expected to deliver a hawkish pause and try to convince markets that it isn\u2019t the end of the tightening cycle. For the November and December meetings, investors are placing some bets for one last hike as economic activity remains strong while the labour market sees a mixed <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/rates-charts\/forecast\">outlook<\/a>. In addition, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/macroeconomics\/central-banks\/fed\">Fed<\/a> will release updated dot plots and fresh macro forecasts.<\/p>\n<p>In the meantime, US Yields, often seen as the opportunity cost of holding Gold, are trading mixed but remain high, limiting the XAU\/USD upside. The 10-year bond yield is 4.33%, with mild losses\u00a0on the day. The 2-year yield stands at 5.06%, up by 0.50%, and the 5-year yield is at 4.45%, down by 0.30%.<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD Levels to watch\u00a0<\/h2>\n<p>\u00a0Considering the daily chart, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.fxstreet.com\/markets\/commodities\/metals\/gold\">XAU\/USD<\/a> presents a neutral to bullish outlook, with the bulls showing resilience and gaining momentum. The Relative Strength Index (RSI) exhibits a bullish inclination with a positive slope above the 50 threshold, while the Moving Average Convergence (MACD) histogram presents rising green bars. Additionally, the pair is above the 20 and 200-day Simple Moving Average (SMAs), implying that the bulls retain control on a broader scale. Still, the buyers should target the 100-day SMA at $1,946 to confirm the recovery.<\/p>\n<p>\u00a0Support levels: $1,923 &#8211; $1,920 (200 and 20-day SMA), $1,910, $1,900.\u00a0\u00a0<\/p>\n<p>\u00a0Resistance levels: $1,946 (100-day SMA), $1,970, $2,000.<br \/>\u00a0<\/p>\n<h2 class=\"fxs_headline_medium\">XAU\/USD Daily chart<\/h2>\n<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Share: XAU\/USD rose to the $1,930\u00a0area, up by 0.40%.\u00a0 \u00a0\u00a0 Markets remain cautious ahead of central bank decisions this week. US yields remaining high limit the metal\u2019s upside. On Monday, the Gold spot price XAU\/USD is holding above the 20 and 200-day Simple Moving Average (SMA) convergence at $1,922-1,923, rising to $1,930. Markets remain cautious [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4493,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,484,255,250,350,252,247,253,249,256,254,485],"class_list":["post-158135","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gold","tag-gta","tag-looks-rare","tag-metals","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress","tag-xauusd"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158135","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=158135"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158135\/revisions"}],"predecessor-version":[{"id":158137,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/158135\/revisions\/158137"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/4493"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=158135"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=158135"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=158135"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}