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
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