Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-02-11 10:10:10
Bearish pinbar was formed at the tip of upswing yesterday. It’s a solid short signal, therefore today we can expect a start of decline with aim at support levels 1547.16 and 1535.56.
H1-chart:
Local structure has downward reversal via bearish pattern Over&Under which implies sell entry from resistance zone 1574.72-1575.36. Thus we can expect growth of the quotes to this region and following steep reversal.
Conclusions:
Growth in direction 1574.72-1575.36 and then downward reversal with aim at 1547.16.
Trading recommendations:
-
Longs to 1574.72-1575.36.
-
Shorts from 1574.72-1575.36 to 1547.16.
Latest news
2020-09-16 08:29:16
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]
2020-08-20 20:43:20
Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]