Fundamentally, gold price has enough fuel to continue uptrend, despite euphoria on the background of easing tensions between China and USA will run out soon. Moreover, technically gold price has much space to fall, e.g. to $1360. We recommend to pay attention on Nonfarm Payrolls statistics in USA and FRS meeting.
EURUSD price is continuing to decrease. The last time we discussed the parity was in May 2017, now EUSUSD price is very close to it. Euro started the decline in Apr’18 and still in the downside trend, which could be lasted at least to 1.06. Further movement will depend on persistence of the Bears and […]
Brent oil price has been continuing active decrease since the beginning of 2020 and lost almost 20% or more than $17. It was mainly caused by difficulties in OPEC+ agreement fulfillment, presence of shale companies, new fields and partly by political and medical conditions in the world. Technically, brent oil price has overcome the main […]
USDRUB returned to growth after sharp drop at the beginning of 2020. Price has already recovered over 50% of decrease and according to MACD it is not the end of upside movement, but only the beginning. After a short pause a new upward surge to the level of 63.5 rubles per dollar is possible.
Will gold price move up or breakdown the support line at $1550 as a correction to the recent strong growth? Analysts and market experts still find it difficult to give a definite answer. Technically, it wants to correct to $1520, but fundamentally market needs protective assets. So we recommend to wait.
