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

XAUUSD market technical outlook

Daily chart:

Downswing has reached a perspective demand area - 50% of November 12th bullish pin. The signal itself is not so actual probably. However support zone which formed it is still in the game! Thus there is quite a high probability of upward reversal for gold. 

H1-chart:

Local downward structure doesn’t cast any doubts, therefore we can expect a decline again from the pivot-level 1459.18. Theoretically this slide can reach the last low of the structure (1451.26).

Conclusions:

So, we expect testing of 1459.18 and then decline towards 1451.26.

Trading recommendations:

Shorts from 1459.18 to 1451.26.

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]