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

Chinese New Year

2020-02-03 07:08:28

Dear traders and partners, FortFS is happy to congratulate all Traders on the Year of the Metal Rat and to launch the annual Chinese New Year promotion! From February 03 to March 03 you will be able to receive a cashback of 10% for every deposit from 100 USD. Deposit minimum 100 USD or more, […]

Welcome Bonus 100 USD

2020-01-28 09:58:32

Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]