Top Forex Brokers – Forex Weekly news and analysis For February 4 – 9 2025
The asset is moving in an uptrend. Gold formed a new historical high, and the price fell below 2790.
•If the price manages to recover above 2790, the growth will resume to test the new all-time high;
•if the price fails to recover above 2790, the correction will continue to 2765.
The euro declined sharply, falling below 1.0252, with the RSI in the oversold zone. The price is now testing 1.0252 as resistance.
•A recovery above this level could trigger a correction toward 1.0300, and further to 1.0353 if broken.
•The failure to consolidate above 1.0252 may lead to a continued decline toward 1.0176.
The index opened up to form a gap. The price fell below the 5951 level. The RSI indicator is in the oversold zone.
•If the price fixes above the resistance level of 5951, the correction will start with the aim of closing the gap and testing the resistance level of 6028;
•If the price fails to consolidate above the resistance, the decline will continue to the level of 5870.
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