Gold Price Forecast: Gold Soars Towards Resistance at Multi-month High
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Euro Price Outlook: EUR/USD Rips into Yearly Open Resistance
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Gold Price Outlook: Gold Surges as Crypto Crumblesâ XAU/USD Breakout Levels
2021-05-19 15:45:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Near-term Trade Levels
Gold price, Bitcoin updated technical trade levels – Daily & Intraday Charts
XAU/USD carving weekly opening-range below technical resistance at 1876
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Gold prices surged more than 12.6% off the March / yearly low with XAU/USD probing confluent uptrend resistance today. At the same time, a collapse in cryptocurrencies has fueled a wave of selling with Bitcoin in free fall in early US trade. The weekly opening-range is set in gold and we’re looking for a breakout for guidance with the broader focus higher while above the weekly open. These are the updated targets and invalidation levels that matter on the XAU/USD and BTC/USD technical charts. Review my latest Strategy Webinar for an in-depth breakdown of this gold technical setup and more.