Our free forex signals service trade today is a buy order on the gold. The metal is looking for an upside after channel breakout. The gold price changed little in the short term after registering a massive retreat last week. From the technical point of view, XAU/USD was in a corrective phase, developing a down channel that could be a potential bullish continuation. –Are you interested in learning more about STP brokers? Check our detailed guide- Still, we’ll have to wait for confirmation before taking action on this market. The metal is trading around $1,925 at the time of writing, and it seems determined to challenge the near-term resistance levels. The XAU/USD dropped after the FOMC as the FED is expected to increase the Federal Funds Rate again in the next monetary policy meetings. Also, the traders expected diplomatic solutions to end the war. Fed Chair Powell speaks Later, Fed Chair Powell will speak about the economic outlook at the National Association for Business Economics Annual Economic Policy Conference. This event could bring some volatility and strong movements. The UK inflation data could shake the price of Gold on Wednesday. From a technical point of view, the XAU/USD developed a flag pattern. An upside breakout and a new higher high could announce a new leg higher. However, the upside scenario could be invalidated by a new lower low. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy Gold at 1,941.94 Free forex signals entry price and take-profit Instrument: GOLD Order Type: BUY STOP Entry price: 1,941.94 Stop Loss: 1,913.26 TP1: 2,028.30 My Risk: 1% Risk / Reward Ratio: 1:3 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 Price Stays Under Pressure Below 1.11 Before Key Speeches Olimpiu Tuns 2 months Our free forex signals service trade today is a buy order on the gold. The metal is looking for an upside after channel breakout. The gold price changed little in the short term after registering a massive retreat last week. From the technical point of view, XAU/USD was in a corrective phase, developing a down channel that could be a potential bullish continuation. -Are you interested in learning more about STP brokers? Check our detailed guide- Still, we’ll have to wait for confirmation before taking action on this market. The metal is trading around $1,925 at the time of writing,… Regulated 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.
