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

GOLD: still looking upwards

GOLD: still looking upwards

Information is not investment advice

The gold price has been tough on bulls in August but fundamentals haven’t changed much.

Yes, it did drop not only below $2 000 but below $1 900 erasing July’s breakthroughs. But from the current perspective, gold’s bullish moves in the second part of July appear as “unduly” rush – with its culmination in the first week of August. It had to be stopped and corrected, as it did eventually.

Currently, gold is in the same “normal” channel of steady rising where it has been previously and will soon get back to $2 000 after it rests at $1 950 for a while. The US-China tensions and virus resurgence here and there provide enough reassurance that there will be no lack of uncertainty to keep gold on the bullish trajectory.

That’s why, tactically, in the long term, it may be a good moment to step into the market until gold gets up again.


                                                                                                      LOG IN


USD/JPY: target for selling

The resistance line is limiting USD/JPY on the upside and, unless the pair tries for a breakout (which anyway will meet resistance at 106.50 and 106.80), the easiest path for it will be to go down.


Choose your payment system

Learn more