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ForexMediumUpdated•Originally published 16 April 2026•Updated 18 April 2026•

1 min read

Gold Surges Past 4800 and Euro Breaks Resistance Amid Geopolitical Optimism

The letters AUDCAD, with AUD made of gold and CAD of rock and oil, against a backdrop of mines, oil rigs, and a world map.

Key Facts

1Gold advanced above 4800 driven by optimism over Iran-U.S. negotiations.

about 2 months ago

Version History

Version 1about 2 months ago

What changed: Updated GBP/USD levels after hitting the first target, added EUR/USD support levels, and included new upside targets for USD/JPY.

Financial markets continue to react to positive geopolitical developments as gold maintains its position above the 4800 level. In the forex market, the British Pound has successfully reached its first target of 1.3580 and is now testing a key support zone at 1.3485. For the EUR/USD pair, intraday support levels have been identified at 1.1720 and 1.1600 following its recent breakout. Meanwhile, traders are closely watching the USD/JPY pair, where a break above 161.95 could trigger a new bullish wave targeting 163.80. These technical shifts reflect sustained momentum against the USD as investors recalibrate positions based on newly established support and resistance levels. Market participants remain focused on the sustainability of these breakouts amid ongoing diplomatic negotiations.