Gold Price Forecast: Gold Bulls Fire- XAU/USD Major Breakout Awaits?
2021-05-16 00:00:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD breakout surges into major technical resistance at 1850- constructive above 1764
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Gold prices surged more than 10.6% off the yearly low with the XAU/USD breakout within striking distance of key technical resistance. While the broader outlook remains constructive for the yellow metal, the immediate advance may be vulnerable here as price probes multi-month highs near uptrend extremes. We’re on the lookout for possible inflection up here with bulls vulnerable into 1850. These are the updated targets and invalidation levels that matter on the gold weekly charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this gold technical setup and more.
Australian Dollar Forecast: Aussie Bulls Haltedâ Range Break Imminent
2021-05-13 17:30:00
Michael Boutros,
Strategist
Australian Dollar Technical Price Outlook: AUD/USD Weekly Trade Levels
Australian Dollar technical trade level update - Weekly Chart
AUD/USD reverses sharply off technical resistance – range breakout imminent
Aussie key support into 7563– key resistance steady at 7836
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The Australian Dollar plummeted more than 1.4% against the US Dollar since the start of the week with AUD/USD reversing off technical resistance at the yearly high-close. The pullback puts into focus a critical range of influence and we’re looking for a breakout in the days ahead to offer guidance with the long-side vulnerable below this week’s high. These are the updated targets and invalidation levels that matter on the AUD/USD weekly price chart heading into the close of the year. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this Aussie tec
S&P 500 Price Outlook: Bull-Market Correction or More? CPI on Tap
2021-05-11 17:30:00
Michael Boutros,
Strategist
S&P 500 Index Technical Price Outlook: SPX500 Near-term Trade Levels
SPX500 threatens reversal off uptrend resistance- risk for deeper correction sub-4219
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The S&P 500 Index has been trading within the confines of a massive multi-month expansionary range with price turning from the upper bounds on building momentum divergence yesterday. Is this just a pullback or the start of something larger? The battle lines are drawn heading into key US inflation data tomorrow. These are the updated targets and invalidation levels that matter on the SPX500 price charts. Review my latest Weekly Strategy Webinar for an in-depth breakdown of this SPX500 technical setup and more.
USD/JPY ripped back into Fibonacci resistance with the May opening-range taking shape just below. These are the levels that matter on the weekly technical chart.
Gold Price Forecast: XAU/USD at Breakout Levels- Gold Bulls Eye FOMC
2021-04-28 16:00:00
Michael Boutros,
Strategist
Gold Technical Price Outlook: XAU/USD Weekly Trade Levels
Gold priceupdated technical trade levels - Weekly Chart
XAU/USD rips into multi-month downtrend resistance- Bulls vulnerable into FOMC
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Gold prices surged more than 7.2% off the yearly low with the rally now probing confluence technical resistance heading into the Federal Reserve interest rate decision this afternoon. We’re on the lookout for possible inflection up here with bulls vulnerable into 1800. 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.