Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-05-20 10:21:07
As we supposed yesterday, gold got support at the area of 8-day EMA that resulted in a tangible upward bounce.
Thus bulls have good chances for trying to attack the last structure’s high (1764.88).
H1-chart:
And locally we have an opposite signal! Bearish pattern Over&Under which can trigger decline as the price resides at the area of potential offer 1750.47-1751.95.
In case of confirming the quotes can slide to support zone 1725.49-1726.82.
Conclusions:
Main scenario: Decline from current levels in direction 1725.49-1726.82.
Alternative scenario: Break above 1751.95 and growth in direction 1765.00-1770.00.
Trading recommendations:
-
Shorts from 1750.47-1751.95 to 1725.49-1726.82.
-
Longs to 1765.00-1770.00 (in case the price settles above 1751.95).
Latest news
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 […]
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 […]