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NPBFX - making money with us since 1996!
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[QUOTE="Antony_NPBFX, post: 177584, member: 38727"] [size=5][b] XAU/USD: gold prices are rising 04.03.2020 [/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 rose sharply at yesterday’s trading, completely leveling the negative dynamics of the instrument at the end of last trading week. A slight increase can be seen during today’s Asian session; however, the “bullish” activity is noticeably reduced. The reason for the surge in purchasing activity for the instrument was a sudden decrease in the interest rate by the Fed after a conference of G7 finance ministers. The US regulator set a precedent, and now investors are even more nervous, expecting similar actions from other banks. Today, investors are focused on macroeconomic statistics from the US on business activity from ISM and Markit. In addition, closer to the end of the afternoon session, the Fed will publish its updated economic review, the so-called Beige Book. [b] Support and resistance [/b] Bollinger Bands on D1 chart show moderate growth. The price range is narrowing, reflecting ambiguous dynamics of trading in the short term. MACD indicator is recovering forming a new buy signal (located above the signal line). Stochastic keeps the uptrend, approaching its highs rapidly, which may indicate growing risks associated with overbought instrument in the ultra-short term. Current indications do not contradict further growth of the instrument in the near future. Resistance levels: 1660.15, 1675.00, 1689.11. Support levels: 1640.00, 1630.00, 1620.00, 1611.06. [img]http://businesspr-finance.com/wp-content/uploads/2020/03/xau-3.png[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/03/xau-4.png[/img] [b] Trading tips [/b] To open long positions, one can rely on the breakout of 1660.15. Take-profit – 1689.11. Stop-loss – 1648.00. 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 – 1645.00 or 1655.00. Implementation time: 2-3 days. [b]Use more opportunities of the NPBFX analytical portal: glossary[/b] 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 [url=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex]NPBFX[/url]. [/QUOTE]
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