FOREXRSMV

FOREXRSMV

After retesting the resistance area there will be no fall and the price starts consolidating between 69-72K, then further we can consider the breakout of the range resistance. But, there is a possible scenario, when MM may once again bring the price down to the middle of the range before the subsequent bull run ---

FOREXRSMV

The nature of the range is consolidation. At the moment there is a high probability of retest of strong resistance 71700 or ATH retest, but only after the retest of these zones it will be possible to follow the formation of prerequisites for the breakout of global resistance 73800. Resistance levels: 67250, 71750 Support levels: 63800, 59300 Technically, the...

FOREXRSMV

There is no news today, thus the fundamental background remains the same. Trading has been complicated lately by the presidential race in the USA. The statements of Powell, politically dependent Fed, Trump can be perceived by traders quite strongly. But the medium-term outlook is determined by the fact that politicians are generally set to lower the dollar, which...

FOREXRSMV

There is an interesting pattern forming on H1-M30, which can give a small correction as a trap for sellers before further growth. Now a lot of selling is forming on indicators (overbought, rsi, macd and so on), accordingly, MM may show a reversal. The whole emphasis is on 2461, If the price fixes below, the gold may be driven to the liquidity zone: 2450, 2440,...

FOREXRSMV

Technically, on H1 resistance is formed at 2482, breakout and consolidation of the price above that level will provoke another rally, within which the price may reach 2500-2525-2550. There is a lot of support, but from above there is emptiness and there are no obstacles. Heated investor interest may lead to a more global ATH. Resistance levels: 2482,...

FOREXRSMV

Ahead of PPI and traders are focusing on this report as favorable data could reinforce fresh selling in the US Dollar. This, in turn, could trigger a rise in gold prices. But, it is worth considering the unpredictability of the news in your trading. Resistance levels: 2411, 2416, 2424 Support levels: 2396, 2392, 2385 Technically, a small correction is possible...

FOREXRSMV

Technically, gold is showing bullish dynamics after the bulls did not let the price go beyond 2350. The price is consolidating above the key level of 2365 and testing the area of interest and liquidity of 2375-2380. A breakout and consolidation of the price above this area may further strengthen the price, as the promising target, at the moment, is 2387 - 23400....

FOREXRSMV

First of all, the favorable fundamental background, price consolidation above MA-50, false breakdown of the ascending trend line support, dollar decline gives traders hope. Technically, on the bulls closed the trading session very positively. Potentially, we have a range of 2375,2390 - 2431, accordingly, when breaking through 2390 and fixing the price above this...

FOREXRSMV

XAUUSD depends on the upcoming news and the reaction of the Fed. Based on previous data, traders expect Friday's employment report to show only 189K new jobs compared to 270K in the previous month, and the unemployment rate to remain unchanged. But the actual data plays a bigger role. Rising unemployment and slowing economic growth may support the gold, as the...

FOREXRSMV

There is a lot of news this week that can generally change the fundamental backdrop, but then the market not only needs a hint of weakening inflation but also a clear and strong confirmation. In general, it is too early to believe in this yet. Traders are waiting for ISM and Powell's speech at the beginning of the week, who may touch upon monetary policy,...

FOREXRSMV

Bitcoin lacks fundamental energy for growth, for example - approval of spot ETH-ETFs. yes, this is also a positive sign for the crypto market and the crypto community. The price is now declining and intends to test deep liquidity zones within the range as a major player continues to gather potential. I believe bitcoin will continue its rise, but only after it...

FOREXRSMV

Technically, buyers who showed interest in the metal, which started the strengthening phase from the middle of the month got under liquidation. The sellers are not ready to let the price go beyond 2350-2360 and staged a bearish rally, energized by the fundamental background, which sharply strengthened towards the already bullish dollar Resistance levels: 2325,...

FOREXRSMV

The focus is on consolidation boundaries, a breakout of one or another boundary or level may trigger strong sell-offs (or buys). Resistance levels: 2315, 2325, 2340 Support levels: 2305, 2295, 2287 The chart and fundamental background speaks for itself. The news may have a temporary bullish impact on the market, but I don't think it can turn the market around...

FOREXRSMV

From a fundamental point of view, gold has no support China has temporarily reduced purchases. But at the same time, a rather hot conflict in the Middle East and Eastern Europe may support the gold price. Against the backdrop of the rising dollar, gold traders may intensify the sell-off of the asset and strike another blow to the buyers who appeared in the range...

FOREXRSMV

think it is worth paying attention to the Fed comments. As for Gold. All attention to the resistance area of 2315-2338. Most likely we should wait for a false breakdown, at the moment there is no potential to go up against a strong bear market. Against the background of the growth of the dollar index gold traders can strengthen the sales of gold. Consolidation...

FOREXRSMV

Today the market is expecting PPI (MoM) and Initial Jobless Claims. Producer Price Index is expected to be lower than last period 0.1% instead of 0.4%, but it all depends on the actual data. Mind you, yesterday the market got a CPI of 3.3%, versus the expected 3.4%. But Powell did not say anything interesting in the change of views and still sticks to the hawkish...

FOREXRSMV

Technically and fundamentally, gold is weak at the moment. On the background of high volatility, the price may try to break through 2325 and test the liquidity area of 2335-2345, then move to the decline phase, if the fundamental background is suitable for this. Risks of further decline are quite high, but the coming news can both strengthen this decline and break...

FOREXRSMV

Friday's close is practically at the minimum values (The movement, theoretically, is not over yet), but before that the market may test the lower boundary of the consolidation (the nearest resistance). Resistance levels: 2315, 2325 Support levels: 2291.2, 2273.41 I expect local strengthening before the subsequent fall. Traders may try to buy back some of the...