Gold Price Outlook: XAU/USD Breakout Stalls at Uptrend Resistance

Gold prices are poised to mark a third weekly advance but keeps price below multi-year uptrend resistance. Here are the levels that matter on XAU/USD technical chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3i3EyHC
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Gold Price Outlook: XAU/USD Breakout Stalls at Uptrend Resistance

Gold prices are poised to mark a third weekly advance but keeps price below multi-year uptrend resistance. Here are the levels that matter on XAU/USD technical chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3i3EyHC
via IFTTT

USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Jun 01, 2020 when USD/CAD traded near 1.36.

Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.

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