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.
№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period
Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.