Gold extended growth having kept uptrend. However some questions might arise at the resistance zone 1680.49-1688.60, which quite can trigger corrective movement in direction of dynamic support 1645.00.
Local upward structure develops corrective downswing. Should 1667.00 level be broken, a bearish reversal pattern Over&Under will be formed with recommended sell entry point 1677.00. Such scenario appears very realistic.
Decline to 1660, then upward pullback to 1677.00 and after that gold will continue correction in direction 1652.00.
Longs from 1660.00 to 1677.00.
Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications