EUR/USD 1.14404
-0.019%
Gold 4015.33
0.979%
Oil 81.356
3.134%
USD/JPY 162.380
0.010%
GBP/USD 1.34578
-0.153%
GBP/JPY 218.532
-0.116%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Market news: The Iraqi Ministry of Oil has signed two supplementary agreements with Chevron (CVX.N) to develop oil fields and energy infrastructure.July 18 - The Sichuan Provincial Meteorological Observatory issued a yellow alert for high temperatures at 15:30 on July 18: It is expected that from July 19 to 23, the daily maximum temperature in most parts of the Sichuan Basin will reach 35-39℃, and the daily maximum temperature in some parts of Mianyang, Deyang, Chengdu, Meishan and Leshan, southern Guangyuan, Nanchong, Suining, Ziyang, Neijiang and Zigong may reach 40℃ or above.July 18th - Tencent officially launched its self-developed efficiency agent, WorkBuddy, as a standalone app on July 18th, with simultaneous releases on iOS, Android, and HarmonyOS. As the first general-purpose agent application to be integrated into the HarmonyOS system, the WorkBuddy app not only possesses most of the capabilities of the desktop version but also supports remote task initiation from a mobile phone to a computer.On July 18, 2026, Wang Yi, member of the Political Bureau of the CPC Central Committee and Foreign Minister, met with Lesothos Foreign Minister Tao in Shanghai. Tao was in China to attend the World Artificial Intelligence Conference. Wang Yi welcomed Tao to China to attend the conference and to sign the agreement on establishing the World Artificial Intelligence Cooperation Organization on behalf of the Lesotho government. Wang Yi stated that no country should be left behind in the development of artificial intelligence, especially developing countries, which should enjoy their legitimate rights to technological development. Chinas promotion of the establishment of the World Artificial Intelligence Cooperation Organization is aimed at enhancing the capacity building of countries in the Global South, enabling all countries to jointly embrace the new technological era, and ensuring that artificial intelligence benefits all mankind. Chinas diplomacy has always adhered to the principle of equality among all countries, regardless of size. Although China and Lesotho differ in area and size, they have always been strategic partners of mutual trust and support. China will continue to support Lesotho in safeguarding its sovereignty, security, and development interests, encourage Chinese enterprises to invest and do business in Lesotho, welcome more Lesotho specialty products to be exported to China, and promote bilateral relations to a wider range and a higher level.On July 18th, at the 2026 World Artificial Intelligence Conference, Alibaba Cloud officially launched Agent Native Cloud, along with enterprise-level intelligent agent tools such as AgentTeams and Agentic Computer. These tools cover multiple dimensions, including infrastructure, development platforms, and cloud desktops, transforming agents from mere tools for enterprise access into native enterprise capabilities. Zhou Qi, head of Alibaba Clouds cloud-native application platform, explained at the conference that Alibaba Cloud Agent Native Cloud provides a reliable operating environment at the infrastructure layer. At the platform level, Agent Native Cloud integrates the one-stop infrastructure platform AgentRun, the multi-agent governance and collaboration platform AgentTeams, and the full-stack observation and continuous optimization platform AgentLoop, accelerating the construction, governance, evaluation, and optimization of agents throughout their lifecycle.

Gold Price Forecast: XAUUSD Is Being Offered and Is Approaching Critical Support

Larissa Barlow

Apr 25, 2022 10:17

Gold prices have been under pressure in Tokyo and have fallen to a new Asian session low of $1,927.50c, down 0.2 percent at the time of writing. The US dollar is firming at an hourly support level as the euro begins to stall on its opening bid following the French election results.

 

The XAU/USD bears are in early doors as the focus continues on the Federal Reserve, with market investors bracing for a faster-than-expected rate of reversion to neutral rates by the central bank.

 

"Rates continue to reprice higher as the market pencils in another rate hike in 2022, pricing in 10 additional hikes over the course of the year, implying a bigger overshoot of neutral. While gold prices have remained extremely resilient in the face of an aggressively hawkish Federal Reserve, as a protracted war in Ukraine simultaneously increased geopolitical uncertainty and inflation risks, fueling demand for safe havens, we see few participants remaining with an appetite to buy gold," TD Securities analysts said.

 

Fed Chairman Jerome Powell proposed a 50 basis point (bps) interest rate hike in his presentation to the International Monetary Fund (IMF) on Thursday. This has increased the likelihood of the Fed announcing a big rate hike in May monetary policy. Additionally, Powell stated that the US economy's multi-decade high inflation requires a rapid pace of interest rate hikes, implying that investors should brace for more than one 50 basis point rate hike announcement this year. Additionally, the market's risk-aversion trend is supporting the greenback versus the precious metal.

Technical Analysis of Gold

On an hourly basis, XAU/USD is bouncing below the 61.8 percent Fibonacci retracement level at $1,931.56 (which corresponds to the March 29 low of $1,890.21 and last week's high of $1,998.43). The 20- and 50-period Exponential Moving Averages (EMAs) are contracting, confirming the downside tendency. Meanwhile, the Relative Strength Index (RSI) (14) has moved into a bearish area of 20.00-40.00, indicating the possibility of a new bearish impulsive wave. 

Gold Hourly Chart

image.png 

Suggestion