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

XAUUSD market technical outlook

Daily chart:

Corrective downswing is completed already, therefore there is a tangible probability of upward pullback off 1720.78, where we have a merger of the pivot-level and 8-day EMA. Such scenario is marked with black arrow. If 1720.78 level proves broken, correction might go much deeper in direction 1700.00 and 1690.71 (red arrow).


Local downward structure is forming trending swing also suggesting probable extension of decline and testing of 1720.78.


Main scenario: Decline to 1720.8 and then upward reversal.

Alternative scenario: Break of support 1720.78 and further decline to 1700.00.

Trading recommendations:

  1. Shorts to 1720.78.

  2. Longs from 1720.78.

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 […]