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

XAUUSD market technical outlook

Daily chart:

Gold market shifted to the stage of growth, but prospects of this growth are not too big so far as movement was launched without direct long-signal. Nevertheless 1560.00-1570.00 zone is quite feasible target for today.

H1-chart:

Local structure has unsteady tone of uptrend despite bullish momentum, therefore potential for the break of strong levels is limited. Thus we can get a downward reversal from resistance level 1556.00.

Conclusions:

So, we expect growth to 1556.00 and then a reversal in direction 1548.00-1550.00.

Trading recommendations:

  1. Longs to 1556.00.

  2. Shorts from 1556.00 to 1548.00-1550.00.

Latest news

Chinese New Year

2020-02-03 07:08:28

Dear traders and partners, FortFS is happy to congratulate all Traders on the Year of the Metal Rat and to launch the annual Chinese New Year promotion! From February 03 to March 03 you will be able to receive a cashback of 10% for every deposit from 100 USD. Deposit minimum 100 USD or more, […]

Welcome Bonus 100 USD

2020-01-28 09:58:32

Dear Traders, Make sure to receive $100 on your trading accounts only from the 27th to the 31st of January! Welcome Bonus 100 USD is the best way to start trading and test all of the Company’s products! The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover A two-week testing […]