flag-gb flag-my flag-zh flag-id flag-th flag-vi

XAUUSD market technical outlook

Daily chart:

Events are running quickly! During yesterday and today before the afternoon both upward and downswing were completed! From one hand meaning that downtrend is steady (and correspondingly pointing to a high probability of downswing continuation in direction of support levels 1473.50 and 1458.75, watch the red arrow).

But from the other hand presence of full-scale downswing in the structure may let bulls rebound to the upside and break the last high (1495.00, watch the black arrow).


Local downward structure undergoes the stage of corrective upswing forming in direction 1492.92, where we have the most optimal mid-term area for sell-offs.


Growth in direction 1492.92 and then decline towards 1480.54.

Trading recommendations:

Shorts from 1492.92 to 1480.54.

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]