Gold Trade Update

Gold Trade Update

2021-08-24 • Updated

Daily Chart


4H Chart


Gold began the week higher breaking multiple resistance areas, including 1780 followed by 1800, and closed yesterday's trading above 1800 for the first time since the flash crash that happened a few weeks ago. Gold reached our short-term targets mentioned in our previous reports at 1800, while our medium-term long positions that we issued a few weeks ago from 1730 remain active with over $75 profit so far. In the meantime, it would be wise to increase the Stop Loss once again to 1770 USD/Oz to protect our profits. On the upside view, the technical indicators are strongly bullish, which may lead to another leg higher to retest the 200-day MA which currently stands at 1811 USD/Oz, which could be seen before the end of the week.

S3 S2 S1 Pivot R1 R2 R3
1736.28 1766.22 1785.82 1796.16 1815.76 1826.10 1856.04



When Will the US Stocks Bear Market Bottom?
When Will the US Stocks Bear Market Bottom?

US stocks have delivered their worst first half of a year in more than 50 years triggered by the Fed's attempt to control inflation and growing concerns about recession.

Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

Latest news

USD: Powell Speaks on Cutting Interest Rates
USD: Powell Speaks on Cutting Interest Rates

Jerome H. Powell, the Federal Reserve chair, stated that the central bank can afford to be patient in deciding when to cut interest rates, citing easing inflation and stable economic growth. Powell emphasized the Fed's independence from political influences, particularly relevant as the election season nears. The Fed had raised interest rates to 5.3 ...

WTT: Currency Pairs To Trade In April
WTT: Currency Pairs To Trade In April

Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.

Deposit with your local payment systems

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.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

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

Internal error. Please try again later

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

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera