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

XAUUSD market technical outlook

Daily chart:

Upswing started despite another renewal of local lows. Markets apparently needs a pullback, which can head in direction of the pivot-level 1546.82. 


Local structure doesn’t have a steady trend. Right now a development of upswing goes in direction of resistance levels 1519.39-1522.51 and 1553.56. Downward movement might start from each of these zones in direction of support level 1486.71.


Main scenario: Growth to 1553.56.

Alternative scenario: Touch of 1519.39-1522.51 and then decline to 1486.71.

Trading recommendations:

  1. Longs to 1519.39-1522.51 and 1553.56. 

  2. Seeking local sell signals at 1519.39-1522.51 and 1553.56.

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 […]