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Weekly Technical Analysis: Gold, Dow Jones, EURUSD and Dollar Index

As a trader, you often walk on the blade. Be careful and don’t step off- Marc Rich

Weekly Technical Analysis: Gold, Dow Jones, EURUSD and Dollar Index

Global markets started this new week on a bearish note. US futures and Global stocks trading lower on Monday. For this week, the main drivers for the Financial markets remain the US dollar and bond yields movement, Fed Chair Jerome Powell’s testimony and the EU summit.

GOLD

On Monday, during the European session, the precious metal trading below $1730 area. Overall, the momentum remains bearish throughout the session.

gold neww

The key technical levels to watch this week:

Support: $1718 and $1700

Resistance: $1744 and $1756

DOW JONES

Dow Jones futures extend lower on Monday ahead of Fed Chair Jerome Powell’s speech due later in the day.

cruse

The key technical levels to watch this week:

Support: 32200 and 32000

Resistance: 33000 and 33300

EURUSD

The currency pair continuously trading weaker against the dollar on Monday.

eurusd

The key technical levels to watch this week:

Support: 1.1840 and 1.1820/1.1800

Resistance: 1.1940 and 1.2000

US DOLLAR INDEX

The greenback trading steady on Monday. For this week, the traders and investors will also pay attention to the important data for USD this week, U.S. Fed Chair Jerome Powell’s testimony and U.S. GDP is due on Thursday.

DXY

The key technical levels to watch this week:

Support: 91.30 and 91.00

Resistance: 92.30 and 92.70

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