Today, our free forex signals service trade is a sell order in gold. If the USD resumes its rally after a minor correction, the price will go down. The price of gold rebounded after its last massive drop. The price was trading at 1,825.02 at the time of writing. However, it remains sideways below the 1,831.83 key level in the short term. Staying under this level may signal a new sell-off. Still, the yellow metal is bullish as the Dollar Index drops like a rock, forcing the USD to depreciate versus its rivals. –Are you interested in learning more about making money with forex? Check our detailed guide- The XAU/USD climbed higher as the USD was punished by the Empire State Manufacturing Index and came in at -11.6 points, far below 15.3 expected. US Retail Sales 1.0% growth expected. Today, the fundamentals could drive the markets. For example, the US Retail Sales indicator is expected to register a 1.0% growth in April versus 0.5% in March. Likewise, the Core Retail Sales may report a 0.4% growth in the last month versus 1.1% in the previous reporting period. In addition, Industrial Production is expected to report a 0.4% growth, while the Capacity Utilization Rate could come in at 78.5%. Technically, the bias remains bullish as long as it stays above the ascending pitchfork’s upper median line (UML). 1,831.83 stands as strong static resistance levels. A new lower low could activate a new sell-off. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell gold at 1820.40 Free forex signals entry price and take-profit Instrument: Gold Order Type: SELL STOP Entry price: 1820.40 Stop Loss: 1834.81 TP1: 1791.56 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 AUD/USD Forecast: Aussie Regains 0.70 After RBA, USD Correction Saqib Iqbal 7 months Today, our free forex signals service trade is a sell order in gold. If the USD resumes its rally after a minor correction, the price will go down. The price of gold rebounded after its last massive drop. The price was trading at 1,825.02 at the time of writing. However, it remains sideways below the 1,831.83 key level in the short term. Staying under this level may signal a new sell-off. Still, the yellow metal is bullish as the Dollar Index drops like a rock, forcing the USD to depreciate versus its rivals. -Are you interested in learning more about… 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.
