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[QUOTE="Antony_NPBFX, post: 177315, member: 38727"] [size=5][b] XAU/USD: gold prices are corrected 26.02.2020 [/b][/size] Good afternoon, dear forum visitors! [url= https://www.tb.marketinstructor.com/?referer1=earnforex.com] 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] Gold prices show growth during today’s Asian session, correcting after a sharp decline in quotations yesterday. The instrument is testing the level of 1645.00 for a breakout. Analysts attribute the appearance of negative trading dynamics on Tuesday to the fixation of long profits after updating seven-year highs. At the same time, investors are still frightened by statistics on the spread of the incidence of coronavirus outside of China, which supports gold quotes. Additional support for the instrument is provided by talks about the possible introduction by the leading regulators of changes in monetary policy in order to mitigate the negative consequences of a slowdown in the global economy. A number of analysts believe that the Fed may return to the idea of cutting rates already at the March meeting. [b] Support and resistance [/b] Bollinger Bands in D1 chart show stable growth. The price range is expanding, indicating the possibility of a return of the “bulls” to previous record highs. MACD indicator is prone to reversing downwards preserving the buy signal (located above the signal line). Stochastic shows an active decline, reacting to the collapse of the instrument on Tuesday. To open new trading positions, it is necessary to wait for the signals from technical indicators to be clarified. Resistance levels: 1640.00, 1658.27, 1689.11. Support levels: 1630.00, 1620.00, 1611.06, 1602.18. [img]http://businesspr-finance.com/wp-content/uploads/2020/02/xau-3.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/02/xau-4.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the breakout of 1658.27. Take profit – 1689.11 or 1700.00. Stop loss – 1640.00. A breakdown of 1640.00 or 1630.00 may be a signal for new sales with target at 1611.06 or 1602.18. Stop loss – 1650.00 or 1658.27. Implementation time: 2-3 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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