As we supposed yesterday, gold got support at the area of 8-day EMA that resulted in a tangible upward bounce.
Thus bulls have good chances for trying to attack the last structure’s high (1764.88).
And locally we have an opposite signal! Bearish pattern Over&Under which can trigger decline as the price resides at the area of potential offer 1750.47-1751.95.
In case of confirming the quotes can slide to support zone 1725.49-1726.82.
Main scenario: Decline from current levels in direction 1725.49-1726.82.
Alternative scenario: Break above 1751.95 and growth in direction 1765.00-1770.00.
Shorts from 1750.47-1751.95 to 1725.49-1726.82.
№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.