XAU/USD Forecast: Gold Price Aims Higher as Pressure Builds

Gold price action has lacked conviction for a breakout from its recent consolidation, but upward pressure building along the 50-day moving average has potential to send XAU/USD snapping higher.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2H6jBxF
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US Dollar Outlook: DXY Still Struggling to Rise From Big Support

The Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for USD’s near-term outlook.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3iYB5KJ
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US Dollar Outlook: DXY Still Struggling to Rise From Big Support

The Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for USD’s near-term outlook.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3iYB5KJ
via IFTTT

Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance

Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the WTI technical chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2FN7oxt
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Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance

Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the WTI technical chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/2FN7oxt
via IFTTT