FOREXRSMV

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,...

FOREXRSMV Jun 29, 2024

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 Jun 23, 2024

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 Jun 18, 2024

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 Jun 16, 2024

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 Jun 14, 2024

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 Jun 13, 2024

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 Jun 12, 2024

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 Jun 10, 2024

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...

FOREXRSMV Jun 7, 2024

There is liquidation and strong selling by buyers, but it happens before the news (there are interesting thoughts, but... ). Below 2328 the price may not be allowed (from a technical point of view) and it would be logical to expect a false breakdown or a rebound from the liquidity block to which the price has approached. Resistance levels: 2354, 2374 Support levels: 2328

FOREXRSMV Jun 6, 2024

Technically, gold is forming a false break of MA-50 on D1, and breaking trend resistance on H1. All eyes are on the near-term support at 2354-2350. 📌Resistance levels: 2374, 2405 🔼Support levels: 2354, 2350. 2328 Possible support retest (false breakdown or intermediate struggle), which may lead to strengthening of the price. On the background of news, volatility...

FOREXRSMV Jun 1, 2024

The price is still in consolidation. Now we need to watch for the reaction to the mentioned area :- (66838-66000-64766 Support ). If the bulls hold, then the price will head towards the resistance. But, most likely, the market has not yet accumulated the proper potential and the price may go deeper and test the support at 64500 before going up. But, there is no...

FOREXRSMV May 19, 2024

The market is bullish again, which was supported by economic news, mainly related to inflation. Technically, the gold is again interested in strong buyers after the correction phase, which ended at the moment of the beginning of the realization of the bullish pattern, as well as the confirmation of the bulls. In general, this movement can be continued, as the...

FOREXRSMV May 18, 2024

Very interesting and this correction has the character of consolidation. Huge volume is being collected from the strong buyer side. The distribution phase that will start after the consolidation is over could continue the bullish trend if the buyers are persistent. Resistance levels: 67250, 71500, 73700 Support levels: 65250, 64500, 61500 Bitcoin looks quite...

FOREXRSMV May 13, 2024

Local timeframes, reversal patterns cause price to test downside resistance and confirm its presence. False breakout provokes sell-offs towards 2328, this area is key for traders. The market maker is interested in a retest of the liquidity zone, relative to which a false breakout and growth towards range resistance can take place. In general, the market is still...

FOREXRSMV May 13, 2024

Buyers are trying to strengthen the euro. On D1 a consolidation format of movement is formed. In this case, the pair may test the trend resistance, but it will be difficult to break it the first time, because the dollar will continue to rise in price for some time due to the actions of regulators, which will affect the euro. Resistance levels: 1.0802, 1.0864...