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

XAUUSD market technical outlook

Daily chart:

Corrective downswing wasn’t completed yesterday after all - market lacked just 3 cents to do that! Thus the day was closed by bullish inside bar, which can’t be regarded a long-signal exactly because of the absence of full-scale downswing in the structure.

This keeps a probability of new decline to the region of yesterday’s lows (1458.33). 

H1-chart:

Local structure has tangible higher low and it’s one of the attributes of upward reversal. Upswing can quite reach the pivot-level 1471.00, where we can face sell-offs again.

Conclusions:

Growth in direction 1471.04 and then downward reversal to 1465.00 and 1458.00.

Trading recommendations:

  1. Longs to 1471.04.

  2. Shorts from 1471.04 to 1465.00 and 1458.00.

Latest news

+$500 for trading

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 […]

Share posts and earn money

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 […]