CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
About Our Global Companies


Valutrades Limited - a company incorporated in England with company number 07939901. View more information here.
Valutrades (Seychelles) Limited - a company incorporated in the Seychelles with company number 8423648-1.


Regulated by the FCA (Fincancial Conduct Authority). Financial Services Register Number 586541.
Regulated by the FSA (Financial Services Authority). Regulatory Number SD028.

Max Leverage

30:1 (or up to 500:1 for Professional clients, click here to find out more about professional client status)
Up to 500:1


United Kingdom

Negative Balance Protection


Back to Blog

Gold (XAUUSD) Trying to Break Resistance. USDRUB at Pandemic Levels.


Welcome to this week’s Market Blast Technicals.

Free Valutrades Signals!  Click here:

I’m Brad Alexander and on behalf of Valutrades, today we will look at USDRUB, WTI (USOil), the Dow Jones Industrial Average (US30) and Gold (XAUUSD).


Be careful with your technical analysis this week as most of the price action will be driven by fundamental news based around the Ukraine crisis.Screenshot 2022-02-22 at 11.05.00

Gold, which always rises in times of geopolitical conflict, has passed the $1900 level and is trying to break resistance at $1910.Screenshot 2022-02-22 at 11.05.12

If we zoom out to the weekly chart we can see that price action has finally broken the symmetrical pennant that we have been watching for months.

We can see previous levels at about $1950.Screenshot 2022-02-22 at 11.05.29

The stock market has been affected, of course, and we see price action on the March contract on the DJIA at a key level of support.

Quite simply, investors are losing confidence with the possibility of sanctions against Russia, which will seriously affect the global economy.Screenshot 2022-02-22 at 11.05.41

Of course, any problems with Russia will affect the flow of oil and natural gas to Europe which, again, has driven the price of WTI to over $95 per barrel.

You may remember a few years ago that we were following the strength of the Russian Ruble.Screenshot 2022-02-22 at 11.06.01

We can now see from the USDRUB weekly chart that price action shows an extremely weak Ruble, at 2020 pandemic levels.

Sanctions against Russia will not help the value of the Ruble.

Thanks for watching and don’t forget to subscribe to Valutrades Signals and the link will be in this video’s description below.

Also, subscribe to our YouTube channel and register on the Valutrades website to get notifications on new content as it happens.

That’s all for now.  Happy trading with Valutrades and we will see you next time.

CFDs and FX are leveraged products and your capital may be at risk.22 February 2022 Technicals EN TN



The information provided herein is for general informational and educational purposes only. It is not intended and should not be construed to constitute advice. If such information is acted upon by you then this should be solely at your discretion and Valutrades will not be held accountable in any way.