Forex and Gold Price Charts to Watch Next Week

(MENAFN- DailyFX) In today's webinar, we looked at a bigline-in-the-sand for the U.S. Dollar Index (DXY),and how a break of it could lead to a sizable down-move. With that, theEurowill of course be the most important player as it is the biggest constituent in the index. We looked a few cross-rate set-ups including but not limited toEURGBP ,CHFJPY , andGBPAUD .

Gold price is currently above the 1375 breakout thresholdI've had penciled in as important to confirm a move higher out of the massive multi-year wedge it's been stuck in. We may see some testing next week of the breakout, which could offer traders an opportunity to establish bullish set-ups as long as support holds.

For the full discussion, check out the video above.

Whether you are a new or an experienced trader, DailyFX has several resources available to help you; indicator for trackingtrader sentiment , quarterlytrading forecasts , analytical and educationalwebinarsheld daily,trading guidesto help you improve trading performance, and one specifically for those who arenew to forex .

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at@PaulRobinsonFX

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