Our free forex signals service trade today is a sell order on gold. The price will go down if the USD continues its upside momentum. The price of gold rebounded in the short term as the Dollar Index retreated a little. After its massive drop, XAU/USD was somehow expected to register a temporary rise. However, now that it has reached strong upside obstacles, the broken support levels have turned into resistance. The metal is trading at 1889.77 at the time of writing, below 1891.82 today’s high. –Are you interested in learning more about high leveraged brokers? Check our detailed guide- Technically, we still need confirmation before taking action on this market. However, a new higher high could activate potential upside continuation. Fundamentally, the yellow metal was somehow expected to recover after worse than expected US data reported yesterday. The Goods Trade Balance, Pending Home Sales, and the Prelim Wholesale Inventories indicators disappointed. Today, the BOJ left its monetary policy unchanged as expected. US Advance GDP 1.1% expected Later, the US data could bring some action and change sentiment in the short term. For example, the Advance GDP could register a 1.1% growth, Advance GDP Price Index could report a 7.2% growth, while the Unemployment Claims indicator may drop to 178K in the last week. 1,891.56 and 1,890.15 levels represent static upside obstacles. False breakouts through these levels may signal a new sell-off. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Free forex signals – Sell gold at 1884.83 Free forex signals entry price and take-profit Instrument: GOLD Order Type: SELL STOP Entry price: 1884.83 Stop Loss: 1893.09 TP1: 1872.12 My Risk: 1% Risk / Reward Ratio: 1:1.5 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 Dead Cat Bounce After Dismal US Q1 GDP Olimpiu Tuns 23 hours Our free forex signals service trade today is a sell order on gold. The price will go down if the USD continues its upside momentum. The price of gold rebounded in the short term as the Dollar Index retreated a little. After its massive drop, XAU/USD was somehow expected to register a temporary rise. However, now that it has reached strong upside obstacles, the broken support levels have turned into resistance. The metal is trading at 1889.77 at the time of writing, below 1891.82 today’s high. -Are you interested in learning more about high leveraged brokers? Check our detailed guide-… 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.
