Our free forex signals service trade today is a buy order on the gold. The metal is looking for an upside after bouncing from the support. The gold price slipped lower after reaching $1,948.68. The metal is trading at a $1,943.07 level. It seems determined to resume its rebound. Gold has tested the immediate support levels before extending its growth. The precious metal remains very attractive amid geopolitical tensions and due to inflationary pressure. –Are you interested in learning more about forex bonuses? Check our detailed guide- Technically, the yellow metal escaped from a down channel, from a flag pattern seen as a bullish formation. The price action signaled that the downside was over and that the buyers could take the lead again. Fundamentally, the price of gold was also lifted by higher inflation reported by the United Kingdom. The CPI rose by 6.2% versus 6.0% expected, while the Core CPI increased by 5.2% compared to 5.0% estimates. US manufacturing and services PMIs Later today, the US will release important economic figures, which could also bring high volatility on XAU/USD. For example, the Flash Services PMI is expected at 56.0 below 56.5 in the previous reporting period, while the Flash Manufacturing PMI could drop from 57.3 to 56.6 points. In addition, the Unemployment Claims could drop from 214K to 210K in the last week. In my opinion, XAU/USD could extend its growth as long as it stays above the median line of the ascending pitchfork. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Buy gold at $1,950.88 Free forex signals entry price and take-profit Instrument: GOLD Order Type: BUY STOP Entry price: 1,950.88 Stop Loss: 1,931.26 TP1: 1,990.27 My Risk: 1% Risk / Reward Ratio: 1:2 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 Price Bounces off 1.3160 Despite Mixed Eurozone PMI Data 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 bouncing from the support. The gold price slipped lower after reaching $1,948.68. The metal is trading at a $1,943.07 level. It seems determined to resume its rebound. Gold has tested the immediate support levels before extending its growth. The precious metal remains very attractive amid geopolitical tensions and due to inflationary pressure. -Are you interested in learning more about forex bonuses? Check our detailed guide- Technically, the yellow metal escaped from a down channel, from a flag pattern… 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.
