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.

Join the Facebook community of FBS!

Beginner Forex book

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

Email tooltip

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


Gold fell below $2 000 first time in a week

Gold fell below $2 000 first time in a week

Information is not investment advice

XAU/USD is decreasing for the third day in a row. What are the reasons?

What happened?

It all started from Friday’s NFP report. US non-farm payrolls and unemployment rate came out better than analysts expected. As a result, the US dollar surged, while gold dipped down. After the yellow metal’s value lost nearly $80, analysts became cautious, that it might be something bigger than just a short correction. Indeed, when one red candle followed another one, the market participants wouldn’t like to miss great opportunities to take profit. It leaded to the massive gold sell-off.

Moreover, the current risk-on sentiment added headwinds to XAU/USD. Trump launched an executive order of $400 per week of unemployment benefits. However, disputes over the whole stimulus package between Democrats and Republicans continue. Nevertheless, gold bears shrugged off those disputes and focused more on the overall risk-on sentiment.

Technical tips

On the 4-hour chart, we can see that the gold price has a pullback towards the $2 000 level after breaking it out. The broken support switched to the resistance. As a rule, the price bounces off the resistance and continues falling down. It should meet the next support at the $1 970 level, which it failed to cross during the period of the end of July – the beginning of August. If it manages to break down this strong support, it will open doors towards the next support at the low of July 30 at $1 950. On the flip side, if gold jumps above $2 000, it may surge to the resistance line at $2 035, which it has touched several times already. Follow further news on gold!




Oil near $130 is a nightmare for inflation

Oil markets were under great pressure amid increased demand and falling supply. OPEC+ is unable or unwilling to achieve its self-imposed production targets and insists on limiting production increases by 400,000 barrels per day despite rising prices.


What to trade on May 16-20?

Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!

China Shatters World Economy

A four-day lockdown turned out to be two months of complete isolation. Factories are frozen, supply chains are under heavy pressure, and the future is gloomy. Find out how to trade in times of crisis in this article!

Choose your payment system

Be on top of your game


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