Gold and Ruble Reach Interesting Levels: What’s Next?
The currency pair USD/RUB touched the level of 65.55 but it seems that it did not manage to break it. We could assume that the asset might pull back from the resistance level of 65.55 and drop. The currency pair may potentially drop to the level of 64.00. Should the level break, the asset’s price might reach the level of 67.00:
Having abruptly jumped, gold appears to have touched the upper boundary of the uptrend and a very strong psychological resistance of 1500.00. Here it is likely to pull back down and that should be a mere correcting move:
The Australian currency tested the level of 0.6728 against the recent news from New Zealand and pulled back, trying to close Wednesday with a hammer. So far, we can assume that the asset should get back to the middle point of hammer, that is, the level of 0.6728 just to pull back till the level of 0.6830 afterwards:
Please note that this material is provided for informational purposes only and should not be considered as investment advice. Trading in the financial markets is very risky.
Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Futures and Options: Trading futures and options on margin carries a high degree of risk and may result in losses exceeding your initial investment. These products are not suitable for all investors. Ensure you fully understand the risks and take appropriate care to manage your risk.