Our free forex signals service trade today is a buy order on XAU/USD pair. The price of Gold seems undecided in the short term. It has moved sideways waiting for a bullish spark before jumping higher. DXY’s retreat forced the yellow metal to grow again after its most recent sell-off. In the short term, the pressure is still high, so anything could happen. XAU/USD crashed after higher inflation reported by the Euro-zone. Now it tries to stabilize in the buyer’s territory. Yesterday, the US ISM Manufacturing PMI was reported at 60.8 above 60.4 expected. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis FOMC & Non-Farm Payrolls Week The price of Gold could register sharp movements during the week as the FOMC Monetary Policy Meeting and the Non-Farm Payrolls could really shake the markets and could bring high volatility. Tomorrow, the ADP Non-Farm Employment Change is expected at 400K below 568K in the previous reporting period, while the ISM Services PMI could remain steady at 61.9 points. You should be careful as the FOMC Statement and the FOMC Press Conference could change the sentiment. This high-impact event could bring sharp movements in both directions. Technically, the rate failed to stay below the downtrend line and below the channel’s support line, below the downside line. Now is located above the weekly pivot point (1,788.62). Staying above it and above the downtrend line could signal potential growth. Free forex signals – BUY GOLD at 1,798.06 Free forex signals entry price and take profit Instrument: GOLD (XAU/USD) Order Type: BUY STOP Entry price: 1,798.06 Stop Loss: 1,780.80 TP1: 1,826.60 My Risk: 1% Risk / Reward Ratio: 1:65 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 GBP/USD Outlook: Consolidating Above 1.36 After UK PMI, Eying FOMC Saqib Iqbal 1 month Our free forex signals service trade today is a buy order on XAU/USD pair. The price of Gold seems undecided in the short term. It has moved sideways waiting for a bullish spark before jumping higher. DXY’s retreat forced the yellow metal to grow again after its most recent sell-off. In the short term, the pressure is still high, so anything could happen. XAU/USD crashed after higher inflation reported by the Euro-zone. Now it tries to stabilize in the buyer’s territory. Yesterday, the US ISM Manufacturing PMI was reported at 60.8 above 60.4 expected. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d" background="#1d44bb" size="8"… 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.
