Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2019-11-26 09:34:03
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
2020-09-29 08:00:46
+$500 FOR TRADING 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 […]
2020-09-16 08:29:16
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]