Our free forex signals service trade today is a buy order on the gold. The metal will go upside if it finds rejection around the support level. The gold price dropped at the time of writing after reaching 1936.12, today’s high. The price retreated and tested the immediate support levels before resuming its upward movement. –Are you interested in learning more about AI trading brokers? Check our detailed guide- Technically, the price action signaled that the downside movement was over and that the yellow metal could develop a new leg higher. As you already know, XAU/USD remains attractive for traders and investors alike despite temporary declines. Gold rebounded even though the Dollar Index remains bullish after mixed US data was reported on Friday. The NFP and the ISM Manufacturing PMI came in worse than expected, Average Hourly Earnings came in line with expectations, while the Unemployment Rate dropped unexpectedly lower. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis US Factory Orders -0.5% estimated Today, the US Factory Orders data could bring more action on gold. The economic indicator is expected to register a 0.5% drop in February. Tomorrow, the RBA and the US ISM Services PMI could shake the markets. From the technical point of view, gold escaped from the down channel pattern signaling that the downside movement is over. Still, we cannot exclude a temporary decline after its strong rally. The price could come back to test and retest the immediate support levels. Free forex signals – Buy gold at 1936.40 Free forex signals entry price and take-profit Instrument: Gold Order Type: BUY STOP Entry price: 1936.40 Stop Loss: 1922.82 TP1: 1959.52 My Risk: 1% Risk / Reward Ratio: 1:1.7 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 Breaks Below 1.10, Eying 1.094 as USD Posts Gains Olimpiu Tuns 3 weeks Our free forex signals service trade today is a buy order on the gold. The metal will go upside if it finds rejection around the support level. The gold price dropped at the time of writing after reaching 1936.12, today’s high. The price retreated and tested the immediate support levels before resuming its upward movement. -Are you interested in learning more about AI trading brokers? Check our detailed guide- Technically, the price action signaled that the downside movement was over and that the yellow metal could develop a new leg higher. As you already know, XAU/USD remains attractive for traders… 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.
