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
Octa trading broker Sign up Log in
Octa trading broker
Open trading account
Trading news
Back
27 Jul 2020

Gold: Healthy correction after reaching all-time highs near $1950

Gold (XAU/USD) kicked-off the Fed week with a bang, hitting a fresh life-time high at $1944.76. Stops got likely triggered on a break above the previous record high of $1921.14, which called for a quick $25 rally. Oversold daily RSI calls for a correction in the near-term but buyers still remain hopeful ahead of US Durable Goods data, FXStreet’s Dhwani Mehta briefs.

Key quotes

“The yellow metal is expected to take cues from the sentiment on the global stocks and US dollar price-action ahead of fresh virus stats and Durable Good Orders release due out from the US. Also, the US stimulus progress will be closely followed ahead of the Fed monetary policy decision due later on Wednesday.”

“The price quickly pulled back after reaching all-time highs, thanks to the oversold RSI conditions. The RSI inches higher at 86 levels, calling for a further retracement.”

The price could test the previous record high at $1921.14 on its move lower. The next downside target is seen at $1906.68, Friday’s high. The daily low and the round number of $1900 will be the level to beat for the bears.

“The bullish momentum will now regain momentum only on a break above the $1950 psychological level if the buyers surpass the latest record high. Gold bulls have the $2000 mark on their radar, which will emerge as a big milestone in the history of gold trading.”

 

Jul 27, 2020

GBP/USD eases from multi-month tops, still well bid above 1.2800 mark

The GBP/USD pair shot to its highest level since March 11 during the Asian session, albeit retreated few pips thereafter and was last seen hovering ar
Read more Previous
Jul 27, 2020

Gold Price Analysis: Corrective downside likely while below $1937 – Confluence Detector

Gold (XAU/USD) trades with sizeable gains so far this Monday, having recorded fresh life-time highs at $1944.76 earlier in the Asian session. The unpr
Read more Next