Local structure has tangible higher low that is inherent to reversals of the trend. Besides, we see a very strong support at 1681.53-1683.56, where we can notice activity of buyers.
In case of growth to the psychological level 1700.00 mid-term downtrend of gold will be over. And such scenario appears very feasible.
So, we expect growth to 1700.00 and then correction of the price to 1690.00-1692.00.
Longs to 1700.00.
Shorts from 1700.00 to 1690.00-1692.00.
New longs from 1690.00-1692.00.
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