Gold Price News and Forecast: XAU/USD price meets hourly 61.8% from daily 61.8% support

At the time of writing, XAU/USD is trading at $1,783.11 and is consolidating in a $3 range in a quiet start to the last Asian session of the week.

Gold rose to near $1800.00 an ounce yesterday but could not sustain the momentum as the US Dollar strengthened after the Biden capital gains tax story hit the news wires.

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Unlike BTC or ETH, XRP price shows signs of recovery as long as it stays above a critical demand zone.

Gold struggled to capitalize on its intraday positive move to the $1,790 region.

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