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


2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 2021, 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 […]

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 […]