7 Feb 2022 Bidens Security Advisor Warns About Russian Invation to Ukraine
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Biden’s Security Advisor Warns About Russian Invasion to Ukraine

Monday, February 7, 2022: Jake Sullivan, Biden’s security adviser, warns of a major Russian invasion: “Russia can take military action against Ukraine every day today.” US officials say Russia has about 83 battalions of tactical groups near the Ukrainian border and 14 more are in transit. The conflict occurred when the Russian government protested against NATO’s proliferation to the east. If attacked, thousands of civilians and soldiers could die.

Although tensions in the Slavic zone will continue, the Russian ruble will strengthen against the dollar to a 3-week high. Rising oil prices have helped the currency strengthen much and the market is closely watching the Russian central bank expects interest rates to rise.

China’s zero-covid strategy, the tight-lock epidemiological agenda, may not work against Omicron. Despite China’s most effective method in the past, the new, more contagious option has never had a chance to keep up with previous methods. Many countries have taken a strict approach to pandemic initiatives. However, many today are abandoning such a strategy as ineffective. The price of Brent crude oil is 92.28 USD, WTI – 90.88 USD, GBP / USD – 1.3529, EUR / USD – 1.1421 and the price of gold is 1812.85 USD per ounce.

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Gold Analysis

The price of gold performed a new test at 1797.00 and jumped back from there to maintain the expected trend. aka us aka and aka and aka and aka new test for level 1797.00. 1860.00 as another main target.

It should be noted that the outbreak at 1797.00 will stop the expected growth and pressure on prices, which will be in decline and will reach negative targets starting with the 1770.00 area visit.

Expected trade margin: between support 1797.00 and resistance 1830.00. Forecast trend: strong.

Gold Analysis Price Chart
Gold Analysis Price Chart – Source: Grand Capital

GBP/USD Analysis

The GBP / USD pair traded with significant negativity in previous sessions and tried to break the 1.3525 level and are now launching new negative tests, while the EMA50 is trying to protect the price from additional losses accompanied by positive indicators with a stochastic indicator.

The conflict between technical factors therefore forces us to remain neutral until the price confirms its position vis-à-vis the level, as its damage forces the price to reach a further decline leading directly to the 1.3460 level, while consolidation above it may lead the price to continue on a strong slope. the first goal is 1.3610.

Expected business range: between support 1.3460 and resistance 1.3610.

GBP/USD analysis
GBP/USD Price Analysis – Source: Grand Capital

GBP/CHF Analysis

In time frame D1, the currency pair tests the upper limit of the next price channel. The ascending truncated waveform at the H2 level ends in conflict with the inclined channel. Awesome Oscillator shows bearish divergence.

Trading idea:

Sell ​​if the second round level of 1.2480 is broken.

Stop loss: 1.2563. Target level: 1.2391; 1.2285.

GBP/CHF Price Analysis
GBP/CHF Price Analysis – Source Grand Capital

Trading idea for Marks and Spencer Group (LSE) #MKS

A general trend is beginning. The structure of the subsequent waves is cut off. The amazing oscillator shows bull divergence. The segment ranges between 365 and 135 moving averages.

Trading idea:

Buy when the emerging wave structure is formed, where the wave (A) intersects the inclined path of the truncated progeny structure.

The stop loss is below the local minimum of the broken structure.

Target level: 2.2950; 2.6232.

Trading idea for Marks and Spencer Group (LSE)
Trading idea for Marks and Spencer Group (LSE) – Source: Grand Capital

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