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

XAUUSD market technical outlook

Daily chart:

Forming of downswing went on, therefore now it’s reasonable to expect from bulls reaching mid-term resistance zone 1588.42-1592.52. In turn, a corrective swing might take place from this zone toward 1576.71 as the structure doesn’t have a steady bullish tone.

H1-chart:

Local upward structure already formed a full-scale corrective upswing, therefore from current levels we can get one upward start in direction 1588.42-1592.52.

Conclusions:

So, we expect growth to 1588.42-1592.52 and then downward reversal.

Trading recommendations:

  1. Longs to 1588.42-1592.52.

  2. Shorts from 1588.42-1592.52.

Latest news

Share posts and earn money

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 […]

No Deposit Bonus 100 USD

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 […]