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

XAUUSD market technical outlook

Daily chart:

Upswing couldn’t pass resistance 1473.50 and now quite active downward correction is in progress.

At the same time potential for development of this correction appears to be limited by support at 1458.63, which triggered forming of bullish reversal pinbar several days ago.

H1-chart:

Local downward technical correction continues. It might be stopped at 1455.50 and 1447.88. Any buy signals at these marks will have high chances for execution.

Conclusions:

Decline in direction 1455.50 and 1447.88.

Trading recommendations:

  1. Shorts towards 1455.50 and 1447.88.

  2. Seeking for local buy signals at 1455.50 and 1447.88.

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 […]