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

XAUUSD market technical outlook

Daily chart:

Despite keeping of certain local optimism gold still lacks a corrective swing in its structure. Break of such strong zone as 1478.28-1480.70 is unlikely without it. Thus the main expectation today will be a decline of the quotes from this zone.

H1-chart:

Local structure already has signs of buyers’ weakness (in particular lower high). Thus in case of break of support 1477.41 we might expect active testing of the next support zone 1472.83-1473.80.

Conclusions:

Decline to 1472.83-1473.80.

Trading recommendations:

Shorts to 1472.83-1473.80.

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 […]