FOREXRSMV

FOREXRSMV Sep 11, 2024

Technically, everything is inclined to the further decrease of the dollar, which will be reflected on the currency pair. But, we should expect high volatility, within the framework of which, if the bears do not hold 141.68, the price may test 142.2 - 142.8 before further falling to 138 - 136. Support levels: 140.75, 140.25 Resistance levels: 141.68, 142.2,...

FOREXRSMV Aug 27, 2024

Technically, since the price is in a range and tested the resistance area earlier, the MM has a liquidity target at the bottom. Consequently, gold may test support (false breakdown) before heading towards resistance again. Emphasis on the channel boundary. Resistance levels: 2517, 2531 Support levels: 2501, 2493, 2477

FOREXRSMV Aug 25, 2024

Possible correction to the pattern boundary, before further growth and retest of 2520. But if from Monday's opening the price goes straight to 2520, it will be a good signal that the market is strong and ready to go to ATH. Resistance levels: 2520, 2530 Support levels: 2500, 2493

FOREXRSMV Aug 23, 2024

Emphasis on the wedge. The price can stay inside the boundaries as long as it wants, but a break of the resistance may cause an impulse that will send the price northward. Fundamental and technical background is favorable at the moment. Resistance levels: 2500, 2519 Support levels: 2493, 2486 Technically, gold after a false breakdown is returning to the channel...

FOREXRSMV Aug 19, 2024

Technically, the focus is on the 2510 - 2495 range. If a false breakout of resistance is formed, profit-taking or MM actions may provoke price decline to the imbalance zone before further growth. But, a confident consolidation of the price above the resistance may form an impulse to 2525. Resistance levels: 2510, 2525, 2550 Support levels: 2495

FOREXRSMV Aug 14, 2024

Xauusd continues to find support in the geopolitical tensions in the Middle East, the situation is still heated to the limit. Technically, the price continues to head towards 2477-2483. Retests of resistance for a breakout of the level continue. Resistance levels: 2477, 2483, 2500 Support levels: 2458, 2450 On high news volatility, the price may form a quick...

FOREXRSMV Aug 13, 2024

XAUUSD strengthens to an interim high and hits strong resistance at 2477.5. Fundamentally, traders are still watching the situation in the Middle East as there are rumors of different nature every day. If the conflict escalates, it will only increase the interest in the metal. Also, traders are waiting for CPI (to be published on Wednesday) to determine if the US...

FOREXRSMV Aug 8, 2024

The problem with a symmetrical triangle is in the earlier sessions, that no one knows where the price will go until the actual exit. Globally we have a bull market, locally there is pressure from the bears. After breakout of the symmetrical triangle resistance 2419, after correction move it will retest 2403,2400 zone, but if the economic factor has a bullish...

FOREXRSMV Jul 27, 2024

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 Jul 20, 2024

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 Jul 19, 2024

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 Jul 18, 2024

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 Jul 17, 2024

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 Jul 12, 2024

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 Jul 10, 2024

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 Jul 7, 2024

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 Jul 5, 2024

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 Jun 30, 2024

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,...