XAUUSD market technical outlook

2020-01-14 09:48:12

Daily chart:

So, today bears have renewed local low, therefore development of downswing probably will be extended up to the pivot-zone 1516.00-1519.00.

H1-chart:

Local downward structure has fully completed corrective upswing allowing to consider selling gold from current levels with count on move under the closest low (1535.71).

Conclusions:

Decline under 1535.71 with aim at 1516.00-1518.00.

Trading recommendations:

Shorts to 1535.71 with holding positions towards 1516.00-1518.00.

Latest news

Deposit Bonus 200%

2021-04-13 10:05:09

Only from April 12, 2021, to May 14, 2021, Deposit Bonus 200% is available for all FortFS clients! Use the advantage to engage for the unique offer within a limited period: activate the deposit bonus and get up to 200% on the deposit amount on your trading account! How to get a Deposit Bonus of […]

Reduced spreads for popular pairs

2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications