Gold prices have rallied a staggering 24% off the November 2022 lows with XAU/USD surging more than 10% this month alone. The rally stalled into uptrend resistance last week and the threat of a larger pullback within the confines of the broader uptrend remains. These are the updated targets and invalidation levels that matter on the XAU/USD short-term technical chart.
Euro’s post-FOMC rally faltered at resistance last week with the reversal now searching for support along the March uptrend. These are the updated targets and invalidation levels that matter on the EUR/USD short-term technical charts heading into the close of the month.
The Canadian Dollar rallied more than 1.6% against the US Dollar since the yearly highs in USD/CAD with price now testing a support at a key pivot zone. Risk for possible price inflection here with the broader outlook still constructive while above 1.3471. These are the updated targets and invalidation levels that matter on the USD/CAD short-term technical charts.
The US Dollar Index is attempting to mark a sixth-consecutive daily decline with DXY off by more than 1.6% this week. The decline is now approaching a key pivot zone and while a break of the monthly opening-range keeps the focus lower, the decline may be vulnerable as price approaches near-term downtrend support. These are the updated targets and invalidation levels that matter on the DXY short-term technical charts.
Gold s bullish uptrend won t be reversed by a mean washout - analysts kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.