Gold Price Forecast: Gold Bulls Fire- XAU/USD Major Breakout Awaits?
2021-05-16 00:00:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD breakout surges into major technical resistance at 1850- constructive above 1764
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Gold prices surged more than 10.6% off the yearly low with the XAU/USD breakout within striking distance of key technical resistance. While the broader outlook remains constructive for the yellow metal, the immediate advance may be vulnerable here as price probes multi-month highs near uptrend extremes. We’re on the lookout for possible inflection up here with bulls vulnerable into 1850. These are the updated targets and invalidation levels that matter on the gold weekly charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
Gold Price Outlook: Gold Breakout Imminent â XAU/USD Levels for NFP
2021-05-05 18:30:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels
Gold price updated technical trade levels – Daily & Intraday Charts
XAU/USD trading within multi-week range below key resistance heading into NFPs
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Gold prices rallied more than 1% into the start of the month and while the broader outlook remains constructive, the immediate rally may be vulnerable as the focus shifts to a multi-week range as we head into major US event risk tomorrow. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts heading into Non-Farm Payrolls. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
British Pound Technical Forecast: GBP/USD Reversal Risks May Setback
2021-05-03 18:00:00
Michael Boutros,
Strategist
Sterling Technical Price Outlook: GBP/USD Weekly Trade Levels
Sterling technical trade level update – Weekly Chart
GBP/USD weekly reversal off resistance keeps multi-month range in focus heading into May
Resistance at 1.3931, 1.4024 Key – Support 1.3654, broader bullish invalidation1.3435
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The British Pound plunged more than 0.5% against the US Dollar last week with Sterling reversing sharply off key technical resistance. The threat of a deeper correction within the broader uptrend remains heading into the May open and the battle lines have been drawn. These are the updated targets and invalidation levels that matter on the GBP/USD weekly technical chart. Review my latest Strategy Webinar for an in-depth breakdown of this Cable trade setup and more.
Gold Price Forecast: XAU/USD at Breakout Levels- Gold Bulls Eye FOMC
2021-04-28 16:00:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD rips into multi-month downtrend resistance- Bulls vulnerable into FOMC
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Gold prices surged more than 7.2% off the yearly low with the rally now probing confluence technical resistance heading into the Federal Reserve interest rate decision this afternoon. We’re on the lookout for possible inflection up here with bulls vulnerable into 1800. These are the updated targets and invalidation levels that matter on the gold weekly charts into the close of the month. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
US Dollar Near-term Technical Setups: USD/CAD, AUD/USD, GBP/USD
2021-04-16 18:38:00
Michael Boutros,
Strategist
Near-term Technical Outlook: USD/CAD, AUD/USD & GBP/USD
Loonie, Aussie & Sterling recoveries eyeing trend resistance
An update on trade setups we ve been tracking inthe Canadian Dollar, Australian Dollar and the British Pound. These are the technical targets and invalidation levels that matter heading into next week. Review my latest Strategy Webinar for an in-depth breakdown of thesetrade setups and more.
In my latest Canadian Dollar Price Outlook we noted that, “is contracting within the April opening-range, just below confluence resistance. From a trading standpoint, we’re on breakout watch with the broader recovery at risk below 1.26.” Price held below monthly open resistance this week at 1.2562 with USD/CAD continuing to press the lows towards key support at 1.2468/84- a region defined by the 61.8% retracement of the March rally and the yearly low-day clos