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

XAUUSD market technical outlook

Daily chart:

Close in the shape of bearish inside bar on Friday may let market to retrace in direction of the pivot-zone 1588.42-1593.52, where we have the dynamic support level from 8-day EMA.


We note strong local support levels (1610.50 and 1594.00) and resistance level 1637.00. It looks like today we’ll get mixed price action between these levels.


Main scenario: Growth from 1610.50 to 1637.00 and then downward reversal in direction 1594.00.

Alternative scenario: Break of support 1610.50 and decline to 1594.00.

Trading recommendations:

  1. Longs from 1610.50 to 1637.00.

  2. Shorts from 1637.00 to 1594.00.

  3. Shorts with count on break of 1610.50 to 1594.00.

Latest news


2020-05-13 07:54:04

№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period

#StayHome with FortFS

2020-04-02 11:54:34

Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.