Technical Trade Levels: Dollar, EUR/USD, USD/MXN, GBP/USD, Gold & SPX

Weekly Technical Trade Levels on USD Majors / Commodities

• Technical trade setups we’re tracking across the USD Majors / Commodities this week
• Updated trade levels on US Dollar, EUR/USD, USD/MXN, GBP/USD, Gold, SPX and more!
• New to Gold Trading? Get started with this Free How to Trade Gold -Beginners Guide

US Dollar Majors Range at Key Technical Levels - Gold Breakout Still Vulnerable

We’re heading into the final days of June trade and the close of the month / quarter is always a red flag trading environment for near-term setups. That said, the US Dollar Index (DXY) and Euro are holding key multi-week ranges heading into the shortened holiday week and the levels are clear. For gold, the focus remains on uptrend resistance with the breakout rally still governed by this multi-year slope. In this webinar, we review the updated technical trade setups on DXY, EUR/USD, USD/JPY, USD/MXN, Gold (XAU/USD), S&P 500 (SPX500), GBP/USD, USD/CAD, AUD/USD and NZD/USD. Stay nimble into the July open with US Non-farm Payrolls on tap Thursday.

For a complete breakdown of Michael’s trading strategy, review his Foundations of Technical Analysis series on Building a Trading Strategy

Key Event Risk This Week

Economic Calendar - latest economic development and upcoming event risk

---Written by Michael Boutros, Currency Strategist with DailyFX

Follow Michael on Twitter @MBForex