Forex Brokers Award 2021
Vote your favourite broker

XAUUSD Consolidating After A Strong Recovery

Mar 31 2020, 04:27 PM (BDT) |

Gold prices are trading rather flat on the day following last week’s gains.

Price action is trading near the ascending wedge pattern amid some choppy trading.

If XAUUSD fails to breakout above the previous highs of 1643, then we expect a move lower.

The initial support at 1594 will be the initial support of interest.

At Orbex, the client is at the heart of everything we do and everything we do is designed to guarantee your satisfaction. Here’s how Forex Trading with Orbex will enhance your trading experience: Best-in-class customer service, including live chat and free webcall One-hour response time for sales and support requests Multiple asset trading and ECN accounts on MT4 0.9 pip fixed spread at ZERO commission Up to 1:500 leverage