The late-February breakdown may be losing some steam as the multi-week decline probes trend support. Here are the levels that matter on the XAU/USD technical charts.
Sterling plunged more than 2.7% off resistance at multi-year highs– risk for a March setback. Here are the levels that matter on the GBP/USD weekly technical chart.
Gold Price Forecast: Gold Breakdown Accelerates â XAU/USD Bulls Done? 2021-02-26 20:00:00 Michael Boutros, Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD plunges throughout critical support- risk for further losses heading into March Advertisement
Gold prices plummeted more than 3.3% this week with XAU/USD breaking below key technical support to fresh yearly lows. The losses mark the largest weekly decline this year with the plunge risking a deeper correction in the yellow metal heading into March trade. 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.
Gold rallied more than 3% off the February lows with the recovery now approaching downtrend resistance. Here are the levels that matter on the XAU/USD technical charts.
Gold plunged more than 2.7% this week with the sell-off now eyeing key support zone near the November lows. These are the levels that matter on the XAU/USD weekly chart.