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British Pound Forecast: Sterling Rally Falters at Trend Resistance

Gold Price Outlook: Gold Breakout Rejected – XAU/USD Bulls Beware

Gold Price Outlook: Gold Breakout Rejected – XAU/USD Bulls Beware 2021-01-08 15:00:00 Michael Boutros, Strategist Gold Technical Price Outlook: XAU/USD Near-term Trade Levels Gold price updated technical trade levels – Daily & Intraday Charts XAU/USD marks false breakout at key resistance – threat for larger pullback sub-1920 Advertisement Gold prices are poised to close lower this week despite a rally of more than 3.2% into 2021 open with XAU/USD falling 0.8% to trade at 1887 in early New York trade on Friday. A dismal Non-Farm Payroll release offered little support with gold sliding to fresh weekly lows ahead of the US open and the threat remains for further losses in the days ahead. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts heading into the close of the week. Review my latest Strategy Webinar for an in-depth breakdown of t

Gold Price Outlook: Gold Rally Runs into First Test of Resistance

Gold Price Outlook: Gold Rally Runs into First Test of Resistance 2020-12-18 17:03:00 Michael Boutros, Strategist Gold Technical Price Outlook: XAU/USD Near-term Trade Levels Gold price updated technical trade levels – Daily & Intraday Charts XAU/USD recovery approaching first resistance test – looking for inflection off 1884/88 Advertisement Gold prices rallied more than 2.3% this week XAU/USD marking a third consecutive weekly advance. A reversal off technical downtrend support is now approaching the first major test of downtrend resistance – we’re on the lookout for price inflection in the days ahead with the immediate rally vulnerable into these upcoming levels. These are the updated targets and invalidation levels that matter on the XAU/USD technical charts heading into the close of the week. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical se

Euro Outlook: EUR/USD Rips to 2020 Highs- Bulls Face Trend Resistance

Euro Outlook: EUR/USD Rips to 2020 Highs- Bulls Face Trend Resistance 2020-12-17 18:00:00 Michael Boutros, Strategist Euro Technical Price Outlook: EUR/USD Near-term Trade Levels Euro updated technical trade levels – Daily & Intraday Charts EUR/USD breakout testing yearly uptrend resistance- on the lookout for inflection Topside resistance 1.2336 & 1.2409 – constructive while above 1.2090 Advertisement Euro surged to fresh yearly highs against the US Dollar post-FOMC with EUR/USD now testing yearly uptrend resistance- looking for infection up here. These are the updated targets and invalidation levels that matter on the EUR/USD technical price charts. Review my latest Strategy Webinar for an in-depth breakdown of this Euro setup and more.

Gold Price Forecast: Gold Bulls Bid Ahead of FOMC- XAU/USD Levels

Gold Price Forecast: Gold Bulls Bid Ahead of FOMC- XAU/USD Levels 2020-12-15 18:00:00 Michael Boutros, Strategist Gold Technical Price Outlook: XAU/USD Weekly Trade Levels Gold priceupdated technical trade levels - Weekly Chart XAU/USD recovery off confluence support in focus– bearish invalidation steady at 1909 Advertisement Gold prices rallied more than 3.8% since the start of December with XAU/USD rebounding off technical support early in the month. The recovery has stalled below the first lateral resistance and while the broader focus remains constructive, the risk remains for a deeper setback while below near-term downtrend resistance. These are the updated targets and invalidation levels that matter on the gold weekly charts heading into the FOMC interest rate decision tomorrow. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more

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