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

XAUUSD market technical outlook

Daily chart:

As it was anticipated, gold extended its growth in direction of resistance zone 1588.42-1593.52. It’s going to be hard for bulls to move higher. Much more probable scenario appears a start of downswing toward broken pivot 1576.21. 

H1-chart:

Local structure keeps upward tone. So far the market remains in a trending stage coinciding with daily scenario of reaching resistance zone 1588.42-1593.52. 

Conclusions:

Growth in direction 1588.42-1593.52 and following downward reversal.

Trading recommendations:

  1. Longs to 1588.42-1593.52.

  2. Shorts from 1588.42-1593.52 to 1576.21.

Latest news

+$500 for trading

2020-09-29 08:00:46

+$500 FOR TRADING 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 […]

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 […]