--- title: "USD Majors, Gold, Oil, Bitcoin, Equities Weekly Technical Outlook" type: "News" locale: "en" url: "https://longbridge.com/en/news/286798813.md" description: "The weekly technical outlook covers trade setups for USD Majors, commodities, bitcoin, and equities. Key levels for EUR/USD, USD/CAD, and gold are analyzed, with EUR/USD facing potential losses below 1.1578, USD/CAD testing resistance at 1.3767, and gold at critical support between 4492-4533. Upcoming economic data releases are also highlighted." datetime: "2026-05-18T16:25:19.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286798813.md) - [en](https://longbridge.com/en/news/286798813.md) - [zh-HK](https://longbridge.com/zh-HK/news/286798813.md) --- # USD Majors, Gold, Oil, Bitcoin, Equities Weekly Technical Outlook ## **Weekly Technical Trade Levels on USD Majors, Commodities & Stocks** - Technical trade setups we are tracking into the start of the week on the USD Majors, commodities, bitcoin, and equity indices. - Next **Weekly Strategy Webinar**: Tuesday, May 26 at 8:30am ET - Review the latest Video Updates or Stream Live on my **YouTube playlist** In this webinar we take an in-depth look at the technical trade levels for the US Dollar (DXY), Euro (EUR/USD), British Pound (GBP/USD), Australian Dollar (AUD/USD), Canadian Dollar (USD/CAD), Japanese Yen (USD/JPY), Swiss Franc (USD/CHF), Gold (XAU/USD), Crude Oil (WTI), and Bitcoin (BTC/USD), and S&P 500 (SPX500), Nasdaq (NDX), and Dow Jones (DJI). These are the levels that matter on the technical charts into the weekly open. The assets are chaptered on the recording for your convenience. ### **Euro Price Chart – EUR/USD 240min** _Chart Prepared by Michael Boutros, Sr. Technical Strategist;_ _EUR/USD on TradingView_ **Notes:** Euro broke the May opening-range low last week with price breaking a key pivot zone at **1667/82**\- a region defined by the March 10 swing high, the 38.2% retracement of the March rally, and the 200-day moving average. Note that the median-line converges on this zone into the close of the week and the threat remains weighted to the downside while below this slope. Broader _bearish_ invalidation stands with the monthly / yearly opens at **1.1731/46**. Initial support rests with the January low and the 100% extension of the April decline at **1.1598-1.1603** and is backed closely by the 61.8% retracement at **1.1578**. A break / close below this threshold would threaten substantial losses for the Euro with the next major technical consideration seen at **1.1483/97**. **Bottom line:** A break of the May range takes EUR/USD back below the 200-day moving average with the weekly range taking shape just above support. From a trading standpoint, rallies should be limited to 1.1682 IF price is heading lower on _this_ stretch with a close below 1.1578 needed to fuel the next major leg lower. ### **Canadian Dollar Price Chart – USD/CAD 240min** _Chart Prepared by Michael Boutros, Sr. Technical Strategist;_ _USD/CAD on TradingView_ **Notes:** USD/CAD broke above a critical pivot zone last week at **1.3725/33**\- a region define by the September & August lows, the 2026 yearly open, the February high, and the 38.2% retracement of the November decline. Look for initial support there now with near-term _bullish_ invalidation set to the 38.2% retracement at **1.3684**. Initial resistance is eyed at the median-line, which converges on last week’s high at **1.3767**. Key resistance is eyed at the 61.8% retracement and the 200-day moving average at **1.3808/14**\- a topside breach / daily close above this threshold is needed to fuel the next major leg of the advance towards **1.39**. **Bottom line:** A breakout to multi-week highs is facing the first major test here at the median-line. From a trading standpoint, losses should be limited to 1.3684 IF price is heading higher on _this_ stretch with a break of the highs exposing key objectives just above 1.38- look for a larger reaction there IF reached. Keep in mind we get the releases of Canada CPI data tomorrow. ### **Gold Price Chart – XAU/USD 240min** _Chart Prepared by Michael Boutros, Sr. Technical Strategist;_ _XAU/USD on TradingView_ **Notes:** Gold is testing major support into the start of the week at **4492-4533**\- a region defined by the 2026 low-week close (LWC), the 2025 high-day close (HDC), and the May opening-range low. The focus is on a reaction off this zone with a break / daily close below needed to mark resumption of the April downtrend. Initial resistance is eyed at the 38.2% retracement at **4592** backed closely by the monthly open at **4622**. Near-term _bearish_ invalidation is now lowered to the 61.8% retracement at **4662**. Note that this level converges on the upper parallel over the next few days and a breach above this slope would be needed to suggest a more significant low is in place and a larger reversal is underway. A break / daily close below this key pivot zone would threaten another bout of losses towards the 61.8% retracement of the March advance and the yearly low-day close (LDC) at **4401/07**\- look for a larger reaction there IF reached. Subsequent support rests with the 200-day moving average and the objective yearly open at **4348** and **4319,** respectively. **Bottom line:** Gold is testing pivotal support here at the monthly range lows- looking for a reaction off this zone. From a trading standpoint, rallies would need to be limited to 4662 IF price is heading lower on _this_ stretch with a close below 4492 needed to fuel the next leg of the decline. Keep an eye on US Treasury yields and war headlines to drive sentiment here. ### **Economic Calendar – Key Data Releases** **Economic Calendar** **-** latest economic developments and upcoming event risk. \--- Written by Michael Boutros, Senior Technical Strategist Follow Michael on X **@MBForex** ### Related Stocks - [COIN.US](https://longbridge.com/en/quote/COIN.US.md) - [BITF.US](https://longbridge.com/en/quote/BITF.US.md) - [MARA.US](https://longbridge.com/en/quote/MARA.US.md) - [GLXY.US](https://longbridge.com/en/quote/GLXY.US.md) - [NEM.US](https://longbridge.com/en/quote/NEM.US.md) - [GDXW.US](https://longbridge.com/en/quote/GDXW.US.md) - [BITO.US](https://longbridge.com/en/quote/BITO.US.md) - [SGDM.US](https://longbridge.com/en/quote/SGDM.US.md) - [BTF.US](https://longbridge.com/en/quote/BTF.US.md) - [IBIT.US](https://longbridge.com/en/quote/IBIT.US.md) - [GDXJ.US](https://longbridge.com/en/quote/GDXJ.US.md) - [CONI.US](https://longbridge.com/en/quote/CONI.US.md) - [FBTC.US](https://longbridge.com/en/quote/FBTC.US.md) - [HODL.US](https://longbridge.com/en/quote/HODL.US.md) - [GOAU.US](https://longbridge.com/en/quote/GOAU.US.md) - [BRRR.US](https://longbridge.com/en/quote/BRRR.US.md) - [SGOL.US](https://longbridge.com/en/quote/SGOL.US.md) - [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md) - [GDXU.US](https://longbridge.com/en/quote/GDXU.US.md) - [BTCW.US](https://longbridge.com/en/quote/BTCW.US.md) - [SGDJ.US](https://longbridge.com/en/quote/SGDJ.US.md) - [CONL.US](https://longbridge.com/en/quote/CONL.US.md) - [IAU.US](https://longbridge.com/en/quote/IAU.US.md) - [GLTR.US](https://longbridge.com/en/quote/GLTR.US.md) - [DBP.US](https://longbridge.com/en/quote/DBP.US.md) - [EZBC.US](https://longbridge.com/en/quote/EZBC.US.md) - [GLD.US](https://longbridge.com/en/quote/GLD.US.md) - [WGMI.US](https://longbridge.com/en/quote/WGMI.US.md) - [LMBO.US](https://longbridge.com/en/quote/LMBO.US.md) - [GOEX.US](https://longbridge.com/en/quote/GOEX.US.md) - [BTCHKD.VAHK](https://longbridge.com/en/quote/BTCHKD.VAHK.md) - [BTCUSD.VAHK](https://longbridge.com/en/quote/BTCUSD.VAHK.md) ## Related News & Research - [Canada's DeFi Technologies Q1 revenue falls on lower asset prices, crypto market conditions](https://longbridge.com/en/news/286469679.md) - [THORChain Price Outlook: Panic or Opportunity After RUNE Crashes 30%?](https://longbridge.com/en/news/286643134.md) - [New Found Gold GAAP EPS of -C$0.08, revenue of C$9.89M](https://longbridge.com/en/news/286198793.md) - [New Found Gold Files Q1 2026 Results as It Advances Newfoundland Gold Projects](https://longbridge.com/en/news/286242416.md) - [Assessing Eldorado Gold’s Valuation As Earnings Strength And New Dividend Signal Investor Confidence](https://longbridge.com/en/news/286300692.md)