Sr. Technical Strategist Michael Boutros highlights the levels that matter on the USD Majors, commodities & stocks into the weekly / monthly open.
Gold prices surged for a sixth-week with XAU/USD hitting fresh record highs. Battle lines drawn on the weekly technical chart as the Trump tariffs stoke trade war fears.
Euro defended the 1.02-handle again this week with a rebound off trend support threatening a larger recovery. Battlelines drawn on the EUR/USD technical charts into NFP.
Euro rebounded off major support this week and the focus now shifts to a breakout of the January opening-range. Battlelines drawn on the EUR/USD technical charts.
Gold prices marked a second weekly rally with a rebound off support now within striking distance of resistance. Battle lines drawn on the XAU/USD weekly technical chart.
Gold prices are poised to breakout of a multi-month consolidation formation with NFPs on tap Friday. Battle lines drawn on the XAU/USD short-term technical charts.
A three-month decline takes Euro into downtrend support into the start of the year with momentum fading. Battle lines drawn on the EUR/USD weekly technical chart.
Gold defended support for a sixth week with the January opening-range taking shape just above. Battle lines drawn on the XAU/USD weekly technical chart.
Euro is poised to mark a fifth daily decline with EUR/USD trading back into support at the monthly range lows. Battlelines drawn on the short-term technical charts.
Euro rallied nearly 3% off the yearly lows with the bulls threatening a larger offensive into the yearly close. Battle lines drawn on the EUR/USD weekly technical chart.
Gold prices are trading just 5% off the record high with the December range taking shape above uptrend support. Battle lines drawn on the XAU/USD weekly technical chart.
