Gold Price News and Forecast: XAU/USD gears up for $1800, Biden’s ‘Joint Congress’ in focus

Gold inches closer to the $1,800 threshold, refreshing weekly top to $1,788.31 by the press time of early Thursday.

The US Federal Reserve’s moves, actually inaction, dragged down the greenback and backed the bright metals heaviest jump in a week the previous day.

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Clear break of yearly resistance line, 61.8% Fibonacci retracement back the bulls.

GBP/USD shot higher following the Federal Reserve on Wednesday with the dollar printing fresh cycle lows vs a basket of currencies.

Three-month-old horizontal area lure buyers, 100-day SMA adds to the downside filters.

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