Trial now
RUSSIA

USD/RUB Slips, Approaches April Lows

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Resistance Remains Intact

OPTIONS

Larger FX Option Pipeline

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: $1816.0 - High Feb 23
  • RES 3: $1805.7 - High Feb 25
  • RES 2: $1760.7/75.9 - Low Feb 19 / High Feb 26
  • RES 1: $1740.7 - High Mar 3
  • PRICE: $1701.7 @ 07:10 GMT Mar 8
  • SUP 1: $1687.3 - Low Mar 5
  • SUP 2: $1671.0 - Low Jun 5, 2020
  • SUP 3: $1659.6 - Low Apr 21, 2020
  • SUP 4: $1640.9 - Low Apr 8, 2020

Gold remains in a clear downtrend with the recent breach of $1760.67, Feb 19 low weighing on the yellow metal. The break confirmed a resumption of the broader downtrend that started in August 2020. Last week's extension lower reinforces bearish conditions with $1700.0 probed and under pressure. Moving average studies are also in a bear mode highlighting the path of least resistance. Initial firm resistance is $1740.7, Mar 3 high.