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

XAUUSD market technical outlook

Daily chart:

A strong long-signal was formed at the tip of downswing by the end of yesterday’s trading session - bullish inside bar. Thus we can expect start of new upswing in direction of resistance zone 1516.00-1519.17.

H1-chart:

Local corrective downswing is fully completed and got depth sufficient to let bulls find enough fuel at current levels for upward attack in direction 1500.00.

Conclusions:

Growth towards 1500.00.

Trading recommendations:

Longs towards 1500.00.

Latest news

New amazing MegaProtect Bonus!

2020-01-13 09:10:06

WHAT ARE THE BENEFITS OF MEGAPROTECT BONUS? +100% of the deposited amount! 100% protection during the drawdown Up to 5000 USD per one account Up to 15000 USD per one profile

Christmas Fairytale 2019

2019-12-02 07:35:32

FortFS wishes its clients happy upcoming holidays and announces the start of the annual promotion – Christmas Fairy Tale! From December 02, 2019 to January 10, 2020 you can participate in the promotion and get up to $15 for every 10 closed lots with a trading account balance starting from only 100 USD! How to […]