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

XAUUSD market technical outlook

Daily chart:

Forming of upswing is in progress. Growth within it might be hampered due to the absence of direct long-trigger. Nevertheless, bulls are quite capable of testing 1575.00-1585.00 region today.

H1-chart:

Local structure has a flawless upward tone, therefore a signal received at the tip of corrective downswing (bullish inside bar, marked with yellow on the chart) is a serious sign showing that buyers will dare to attack the closest high (1558.00).

Conclusions:

So, we expect growth above 1558.00 in direction 1575.00-1585.00.

Trading recommendations:

Longs to 1558.00, 1575.00, 1585.00.

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]