Our free forex signals service trade today is a buy order on gold. The price of Gold is trading in the green at the time of writing. The upside pressure remains strong as the Dollar Index has slipped lower. XAU/USD stands at 1868.26 level above 1856.37 today’s low. In the short term, the yellow metal is trapped within a range pattern, we’ll have a good opportunity after the rate escapes from this pattern. Gold remains bullish as the USD received a hit from the Prelim UoM Consumer Sentiment on Friday. The economic indicator was reported at 66.8 points, even if the specialists have expected potential growth from 71.7 to 72.5 points. Today, the Empire State Manufacturing Index will be released, but I don’t believe that this indicator will have a significant impact. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Retail Sales Incoming Tuesday The United States is to release its retail sales data tomorrow. The Retail Sales indicator is expected to register a 1.2% growth in October, while the Core Retail Sales could report a 1.0% growth in the last month versus 0.8% growth in September. The yellow metal could resume its growth if the US data comes in worse than expected. Technically, XAU/USD moves somehow sideways but it continues to stay near the 1,868.62 level which stands as a static resistance. The outlook is bullish, so an upside breakout is imminent. A new higher high coulda activate an upside continuation. Free forex signals – BUY Gold at 1873.17 Free forex signals entry price and takes profit Instrument: GOLD (XAU/USD) Order Type: BUY STOP Entry price: 1873.17 Stop Loss: 1844.35 TP1: 1916.88 My Risk: 1% Risk / Reward Ratio: 1: 1.52 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next EUR/USD Forecast: Sellers Still In Charge, 1.1422 Seen As Target! Olimpiu Tuns 2 weeks Our free forex signals service trade today is a buy order on gold. The price of Gold is trading in the green at the time of writing. The upside pressure remains strong as the Dollar Index has slipped lower. XAU/USD stands at 1868.26 level above 1856.37 today’s low. In the short term, the yellow metal is trapped within a range pattern, we’ll have a good opportunity after the rate escapes from this pattern. Gold remains bullish as the USD received a hit from the Prelim UoM Consumer Sentiment on Friday. The economic indicator was reported at 66.8 points, even if… Top Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
