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

XAUUSD market technical outlook

Daily chart:

Upswing wasn’t fully formed so far, therefore current decline of the quotes can be interpreted as correction. At this moment an upper border of broken inside bar is being tested, therefore growth might be continued directly from current levels.

Target of buyers probable will be resistance level 1473.50. 

H1-chart:

Local structure has completed building of retracing downswing, that allows to consider longs from PPZ 1458.00 in direction of the last high (1466.12).

Conclusions:

Growth in direction 1466.12 and 1470.00.

Trading recommendations:

Longs to 1466.12 and 1470.00.

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 […]