Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2019-12-27 09:49:07
Gold reached strong mid-term resistance zone 1513.20-1516.00. Development of downward correction is highly likely from this area. The first target of pullback probably will be 1495.00-1500.00 region.
H1-chart:
Bearish reversal setup Over&Under is formed within local structure. It’s recommended to sell the asset from 1512.20 level, where we have the last but one high. Thus we expect a pullback to this area and sell reckoning on drop in direction 1500.00.
Conclusions:
Upward pullback to the 1512.00 region and then decline to 1500.00.
Trading recommendations:
Shorts from 1512.20 to 1500.00.
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
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 […]