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

XAUUSD market technical outlook

Daily chart:

Another price high was posted today during development of upswing giving chances for correction of gold in direction 1650.00. But we need to understand that so far there are no any signals of correction start and bulls are quite capable to continue uptrend from current levels.

H1-chart:
Local upward structure has completed forming of corrective swing with bullish inside bar at tits tip. It’s a significant long setup which allows opening long trades from current levels with cont on break of the last high (1702.84).

Conclusions:

Growth above 1702.84 in direction 1710.00-1720.00.

Trading recommendations:

Longs to 1702.84, 1710.00, 1720.00.

Latest news

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! πŸ† Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts πŸ“ How to get the bonus: 1) Register an […]

Deposit Bonus 200%

2020-11-03 08:45:33

Only from November 02nd to December 04th, 2020, 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 200%? […]