Forecast of the ruble and gold prices for today


The Russian ruble pushed off the support at 72.70 and is now actively approaching the resistance at 76.00. Here, an interesting variant of a quotes rebound looks interesting, followed by testing of the broken downward channel. Of course, the scenario with the breakdown of the horizontal at 76.00 should not be discarded – then it will be a completely different story and different heights. It will be interesting just to see how the price will behave near resistance:

According to COT CFTC reports, the positions of large speculators (as well as hedgers) are almost equal – the difference between long and short positions tends to zero. In principle, on this uncertainty signal, the level 76.00, which we discussed above, can offer resistance, or it can be broken under the pressure of prices:

Gold has returned to the broken downtrend and is making attempts to bounce it down. But we also have a very good option for growth – breaking the downtrend upward and further movement to the resistance level of 1965.00. In general, we observe the price near our line, although the quotes are cautiously looking down:

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Libertex [CPS] WW

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