Our free forex signals service today is a buy order on gold. The price of gold dropped a little in the short term, but the decline could be only a temporary one. It has retested the immediate support level and now it tries to come back higher. XAU/USD is traded at the 1,819.76 level at the time of writing above 1,815.49 today’s low. In the short term, the yellow metal rallied as the Dollar Index was in a corrective phase. Gold remains attractive for buyers as the risk is high amidst the tensions between Russia and Ukraine. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Surprisingly or not, the yellow metal rallied even if the US Non-Farm Employment Change came in better than expected. Technically, XAU/USD signaled that the downside is limited and that the upside pressure is strong. In the short term, the bias is bullish, that’s why I’m still looking for fresh long opportunities. US Trade Balance -83.0B Expected Fundamentally, the price of gold could resume its upwards movement if the US data disappoints these days. Today, the US Trade Balance is expected at -83.0B below -80.2B. Canada is to release its Trade Balance as well, but I don’t think it will have an impact. XAU/USD could register sharp movements around the US inflation data on thursday. From the technical point of view, XAU/USD could still resume its upwards movement as long as it stays above the inside sliding line (sl). Still, only stabilizing above the weekly R1 (1,820.21) may really indicate an upside continuation. Free forex signals – BUY Gold at 1,825.18 Free forex signals entry price and takes profit Instrument: Gold Order Type: BUY STOP Entry price: 1,825.18 Stop Loss: 1,812.30 TP1: 1,849.61 My Risk: 1% Risk / Reward Ratio: 1:1.9 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 Marching to 1.36 as Yields Drop, Eying Fed/BOE Saqib Iqbal 3 months Our free forex signals service today is a buy order on gold. The price of gold dropped a little in the short term, but the decline could be only a temporary one. It has retested the immediate support level and now it tries to come back higher. XAU/USD is traded at the 1,819.76 level at the time of writing above 1,815.49 today’s low. In the short term, the yellow metal rallied as the Dollar Index was in a corrective phase. Gold remains attractive for buyers as the risk is high amidst the tensions between Russia and Ukraine. [su_button url="https://www.forexcrunch.com/visit/learn2trade" style="3d"… 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.
