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The US Dollar surged more than 2.5% off the monthly lows with a breakout of the August range eyeing a run at the highs. Key levels on the DXY weekly technical chart.
The US Dollar pullback continues and DXY has built a bearish channel that makes up a bull flag. The big question now regarding the USD is directional themes in the Euro.
The S&P 500 is carving a well-defined weekly / monthly opening-ranges into key US inflation data- risk for breakout. Levels that matter on the SPX500 technical charts.
Gold prices closed above a key trendline last week, but progress has been somewhat lacking. Meanwhile, silver is struggling to keep up, is this a sign of weakness?
A risk-on APAC trading session is weighing on the USD, allowing gold prices to rise. A brightening economic outlook may soon illicit stronger FOMC rate hike bets, potentially threatening XAU.