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

XAUUSD market technical outlook

Daily chart:

Downswing so far doesn’t show direct signs of weakness pointing to probable extension of gold’s decline. However now the market is bracketed between strong levels of support 1504.44 and resistance 1546.82-1561.45, where is most likely will stay during today’s session.

H1-chart:

Local downward structure hasn’t formed a full-size corrective upswing, therefore testing of the pivot-zone 1547.38-1550.65 is still likely. We can consider short trades from this region toward 1504.44.

Conclusions:

Testing of 1547.38-1550.65 and following decline of the quotes in direction 1504.44.

Trading recommendations:

Shorts from 1547.38-1550.65 to 1504.44.

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! 🏆 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 📍 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%? […]