Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:

I am not a U.S. citizen or resident
I am not a resident of the Philippines
I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
I am aware of my liability for making a false declaration.

For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.

Cancel Confirm

We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.

Confirm

Open trading account

Test

Trading news

Back

6 Feb 2020

Gold Asia Price Forecast: XAU/USD recovering and approaching 1570/75 resistance zone

The bulls are forming a base above $1550/oz level.
The 1570/75 area is a strong resistance zone.

Gold daily chart

XAU/USD is trading in an uptrend above its main daily simple moving averages (SMAs). However, gold broke below a bear flag and the market recovered slightly this Thursday.

Gold four-hour chart

Bulls are forming a base near the 1550 level and the 200 SMA on the four-hour chart. The buyers would need a clear breakout above the 1570/75 resistance zone to resume the bullish bias. On the flip side, if the metal fails to make any major progress above the above-mentioned price zone, XAU/USD could become vulnerable to another bearish incursion. If bears break below the 1550 support, it can expose the 1540 and possibly the 1525 level on the way down.

Additional key levels

Feb 6, 2020

Australia AiG Performance of Services Index dipped from previous 48.7 to 46.6 in January

When is the RBA’s Lowe’s speech, monetary policy statement and how could they affect AUD/USD?

The Reserve Bank of Australia (RBA) Governor Philip Lowe will testify before the House of Representatives’ Standing Committee on Economics at 22:30 GMT.