Upswing which was needed by the downward structure was fully completed in 1,5 days. This will substantially simplify further decline of the gold quotes.
Though we won’t make haste - there is still a chance for extension of upward correction in direction of the pivot-zone 1902.42-1910.88, where we would expect massive sell-offs.
Local corrective downswing is formed, therefore growth of gold might be resumed from current levels. As we type this report an alternative (red) scenario is virtually cancelled as a bullish inside bar is half-formed, which may become a buy signal in direction 1902.42-1910.88.
Growth in direction 1902.42-1910.88.
Longs to 1902.42-1910.88.
Shorts from 1902.42-1910.88.
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