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

XAUUSD market technical outlook

Daily chart:
Bulls are unstoppable! Gold grows without correction and the last local high 1486.72 is going to be tested shortly. If this resistance is broken the quotes might spike by another 10-15 dollars today towards 1495-1500 for a troy ounce.


We have to admit after all, that scenario with downward reversal looks more likely: the last upswing has very big scale and the structure doesn’t possess all attributes of uptrend - two last supports in a row have been already broken.


So, we expect touch of 1486.72 and following downward reversal in direction of 1480.66-1481.26.

Trading recommendations:

Shorts from 1486.72 to 1480.66-1481.26.

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 […]