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

XAUUSD market technical outlook

Daily chart:

Bulls have prepared a good launchpad for forming of corrective upswing on Friday. But gold looks bracketed between support zone 1465.00-1470.00 and resistance 1500.00-1507.00, where the market most likely will stay today.

H1-chart:

We note two very perspective support zones, where we can consider long trades. These are 1479.14-1486.71 and 1463.64-1465.36. The next upswing may reach the 1515.66 level.

Conclusions:

Main scenario: Touch of 1479.14-1486.71 and then growth in direction 1500.00-1507.00 with aim at 1515.66.

Alternative scenario: Decline to 1463.64-1465.36 and then steep upward reversal in direction 1500.00-1507.00.

Trading recommendations:

Seeking local buy signals at 1479.14-1486.71 and 1463.64-1465.36.

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

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 bonus funds for […]