Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

View
Gold: a temporary stop

Gold: a temporary stop

Information is not investment advice

Gold has made significant advancements recently. A one-hundred-dollar distance was passed just within the previous week – the price went from $1 800 per ounce up to $1 900. This week, it even went beyond and reached $1 960 but there we see another type of behavior: fierce fluctuation and the eventual consolidation between $1 946 and $1 960. What are we to expect?

On the one hand, the flight to safe-haven has stopped to listen to the message the US Fed has to deliver today. There is nothing substantially new expected from the Chair Jerome Powell, but still, there may be hints – not about a change in the monetary policy, but rather about its perception of the current situation and the outlook.

On the other hand, the fundamental gravity of global recovery is not giving indications to go optimistic so far. That’s why, after a temporary consolidation below $1 960 gold will likely keep rising as per Trajectory 1. Alternatively, if there are certain positive elements in the Fed’s message, it may drop to certain extent, but unlikely lower than the support of $1 912. In the latter scenario, Trajectory 2 will be the one to expect.

2.png

                                                                                                        LOG IN

Similar

Dollar stretches gains on the session

Global stocks were mostly lower on Monday, following the weakness on Wall Street on Friday that stemmed from the weaker-than-expected retail sales report for December.

Popular

Choose your payment system

Learn more

Callback

Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later