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[QUOTE="Antony_NPBFX, post: 162093, member: 38727"] [size=5][b]XAU/USD: gold falls 29.03.2019[/b][/size] Good afternoon, dear forum visitors! [url=http://www.npbfx.com/?utm_campaign=company&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url] offers the latest release of analytics on XAU/USD for a better understanding of the current market situation and more efficient trading. [b]Current trend[/b] Yesterday, gold prices dropped significantly, renewing its lows since March 8 due to USD strengthening despite the ambiguous US macroeconomic statistics. US GDP grew by 2.2% YoY after a gain of 2.6% YoY over the previous period. Investors counted on +2.5% YoY. Initial Jobless Claims decreased from 216 to 211K for the week on March 22, against a forecast of growth to 225K. However, Continuous Jobless Claims increased again. By March 15, the value amounted to 1.756 million against the previous 1.743 million. Analysts had expected 1.750 million. The index of Pending Home Sales fell by 1.0% MoM and 4.9% YoY in February against growth by 4.3% MoM and a decrease by 2.3% YoY in the previous month. The forecasts of experts assumed growth of the indicator by 0.7% MoM and a decrease by 1.8% YoY. [b]Support and resistance[/b] On the daily chart, Bollinger bands move flat. The price range slightly expands but does not correspond with the market’s dynamics. The MACD goes down, keeping a strong sell signal (the histogram is below the signal line). Stochastic falls almost vertically, indicating a strong “bearish” impulse formed in the super-short term. Indicators do not contradict the further development of the downward trend but it is better not to open new short positions at the end of the week. Resistance levels: 1292.69, 1297.00, 1300.50, 1306.17. Support levels: 1286.65, 1280.65, 1276.58. [img]http://businesspr-finance.com/wp-content/uploads/2019/03/xau29032019-88.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2019/03/xau29032019-99.png[/img] [b]Trading tips[/b] Long positions can be opened after a rebound from 1286.65 and breakdown of 1292.69 with the target at 1306.17. Stop loss is 1286.65. Implementation period: 2–3 days. Short positions can be opened after the breakdown of 1286.65 with the target at 1276.58. Stop loss is 1292.69. Implementation period: 1–2 days. [b]Use more opportunities of the NPBFX analytical portal: [/b][b]trading signals for commodities.[/b] How can a trader determine if it’s worth buying or selling XAU/USD now or better waiting for a more favorable period? Use trading signals for commodities from the top 10 technical indicators on the NPBFX portal and make the right decisions! All registered users have free and unlimited access to the minutely updated trading signals (MA10, BBands, Ichimoku, Stochastic, ZigZag, etc.) for Gold, Silver, Brent and WTI Crude oil. 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 [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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