XAU/USD: the pair is trading in both directions 30.10.2017 Good afternoon, dear forum visitors! NPBFX offers the latest release of analytics on the XAU/USD for a better understanding of the current market situation and more efficient trading. Current trend Gold prices grew considerably last Friday, moving away from the local maximum since October 6. The reason for the occurrence of “bullish” dynamics was technical correction factors, while the positions of the US currency remained quite stable. Investors once again pay attention to the difference between the interest rates of the Fed and other central banks. Namely, last week ECB announced that the rates will remain low for a long time. Together with possible growth of the Fed’s rates until the end of 2017, this gives USD considerable support. Gold also receives moderate support from speculations about the next head of the Fed. According to the media, Trump prefers Powell who is considered more neutral than Taylor. The head of the Fed will determine the rate of monetary policy tightening in the country which in turn will put pressure on gold as a non-interest-bearing asset. Support ans resistance Bollinger Bands in D1 chart show gradual decrease. The price range is slightly widening from below. MACD indicator is slowly growing preserving a sell signal (the histogram is below the signal line). Stochastic shows flat dynamics and is located near 20. Resistance levels: 1272.14, 1276.26, 1283.29, 1290.67. Support levels: 1266.01, 1260.25, 1251.03. Trading tips Long positions may be opened after the breakthrough of the level of 1276.26 with target at 1290.67 and stop-loss at 1270.00. The period of implementation is 2 days. A breakdown of the level of 1266.01 may be a signal for the continuation of sales in the short term with target at 1251.03 and stop-loss at 1272.14. The period of implementation is 2-3 days. Use more opportunities of the NPBFX analytical portal: glossary Beginning traders certainly face a lot of specialized concepts and lexicon on FOREX, which are often not fully been understood. Swap, tick, hedge, margin calls are often unfamiliar to beginning traders. But the lack of knowledge of these fundamentals make a competent market vision impossible. So glossary on the NPBFX analytical portal could be an excellent helper in this case, which contains all the main definitions with explanations in a compact and accessible form. All concepts are arranged in alphabetical order, so that you can easily and quickly find and explore a new concept for yourself. If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on XAU/USD and trade efficiently with NPBFX.