Good day,

The price of gold is on a downward trajectory, testing the broken level of 1767.00. Hence, it is possible that once gold has approached the broken horizontal, it might drop even further. The asset should undergo a deep correction for now, yet it has a great potential for growth.

The Russian ruble remains in a very narrow range for the second week in a row, trying to target the levels of 76.00 or 73.00 from time to time. It might pull from these levels and get in the range soon.

The price of the GBP/USD pair is heading down. The asset might gain support at the level of 1.3710 although it would be more beneficial for the currency pair to gain support at the level of 1.3480. Of course, considering asset’s descending trend, it would be wise to check the candlestick patterns to see what the currency pair is about to do next.

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