Top Forex Brokers – Forex Weekly news and analysis For March 3 – 9, 2025
Gold reached a new local minimum and tested the support level of 2852, confirming the downward movement.
•If the price breaks the resistance level, the asset could rise, targeting 2915.
•If the support level of 2852 is broken, the decline may continue toward 2787.
The index fell, reaching new local lows and testing the support level of 5876, while the price sits at the lower boundary of the Bollinger Bands.
•If the price breaks through resistance at 5951, a rise towards 6098 could follow.
•If the support at 5876 is breached, the decline may continue toward 5707.
The pound tested the resistance level at 1.2676 and showed a decline to the support at 1.2581.
•If the price fails to break the 1.2581 support level, the growth may resume to retest the 1.2676 level;
•If the price breaks the 1.2581 support level, the decline may continue to 1.2505.
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