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

XAUUSD market technical outlook

Daily chart:

A very solid decline during one day covered all distance to support 1478.98-1480.70, that probably will drive to a start of new pullback in direction 1500.00-1504.00, where it will be clear whether bears are ready for further attack.

H1-chart:

Local short consolidation in the range of last swing (1483.54-1487.13). Break of this accumulation will probably define further direction.

Upward target will be resistance area 1500.00-1502.89, downward target - 1470.00-1475.00.

Conclusions:

So, we expect break of the 1483.54-1487.13 range and further movement in direction of the break. In case of upward move gold will recover to 1502.89 and in case of downward break the target will be at 1483.54-1487.13.

Trading recommendations:

Trading with count on break of the 1483.54-1487.13 range.

Latest news

Deposit Bonus 200%

2020-03-19 07:35:21

Only from March 24th to April 24th, 2020, Deposit Bonus 200% will be available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

No Deposit Bonus $10000 cents

2020-03-13 07:32:02

The biggest FortFS bonus is back for 4 days only! Only from 17.03 to 20.03 every FortFS client will have a chance to get $10000 cents no deposit bonus! How to participate? To have a FortFS account To be a member of the official FortFS chat-group in Telegram (@fortfs_chat) Detailed Terms and Conditions will be available across our social […]