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

XAUUSD market technical outlook

Daily chart:

Decline of the quotes reached very strong support zone 1456.27-1458.32 triggering at this moment forming of bullish inside bar at the tip of downswing (marked with yellow).

If the day is closed this way traders will get a very good buy signal for tomorrow in direction 1480.70-1483.11.


Local structure has signs of consolidation (watch contracting yellow zones) being a formula of inside bar on a senior frame.

Thus in case of settling above the last structure’s high (1472.72) we might consider upward reversal confirmed. 


Growth in direction 1472.72-1475.00 and forming of bullish inside bar by the end of the day.

Trading recommendations:

Longs to 1472.72-1475.00.

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 […]