AGEA.Trade: Gold Prices Hit 9-month Lows as Dollar Extends Rebound

Promotional Content


AGEA experts on current Gold price moving

Gold prices are trading below the $1,700 an ounce handle for the first time since June last year as the US dollar extends its rebound from multi-year lows. Over the weekend, the US Senate passed a long awaited coronavirus stimulus package.

“Gold has been undercut by cheerful economic optimism over a robust economic recovery and faster than anticipated rises in bond yields,” Stephen Innes, chief global market strategist at financial services firm Axi, said in a memo sent to clients.

The extension in a pullback saw gold prices hit the major support line of $1,690 an ounce, which represents the 61.8% Fibonacci retracement line of the coronavirus-driven rally. This area, boosted by the horizontal support line at $1,670 an ounce, will continue to offer support. On the upside, the major target for the buyers is $1,765 an ounce.

Click here to find out about AGEA Contests. Participate and win prizes!

Open account here.

Read more

XM Group

Best Brokers Promotions

Broker Bonus Details Open Account
  • $30 Welcome No Deposit Bonus
  • 50% Forex Deposit Bonus
  • xm
  • $5000 Forex No Deposit Bonus
  • 250% Forex Deposit Bonus
  • InstaForex
  • $30 Forex No Deposit Bonus
  • Tickmill
  • 100% SuperCharged Bonus
  • 100% Forex Credit Bonus
  • hotforex
  • $100 No Deposit Bonus
  • FBS
  • 50% Deposit Bonus
  • octafx

    ProfitFX Signals

    KITAN EA Signals

    Technical Summary Widget Powered by







    Connect to

    facebook twitter telegram

    Forex Deposit Bonus by is licensed under CC CC0 1.0

    Contact us

    Disclaimer: Any promotions, reviews, and other information in the website are just for the information purpose only. There is no invitation or encouragement to invest in the Financial Market such as CFDs, Forex, Binary Options, Indices, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website. The published comments are private opinions or feedback of the users. FXRANK is not responsible for any information on the website.

    Risk warning: Please be areware of your investment into trading markets which is high risk and not suitable for everyone.