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XAUUSD market technical outlook

Daily chart:

Yesterday’s session showed false downward break of bullish inside bar. This may be a sign of sellers’ weakness and a confirming buy signal respectively.

The major task of bulls so far is settling above the stiff pivot-zone 1737.39-1746.27.

H1-chart:

Local upward structure has fully completed downward correction allowing to open long trades from current levels with count on move to resistance 1737.79.

Conclusions:

Growth in direction 1737.79 and 1746.27.

Trading recommendations:

Longs to 1737.79 and 1746.27.

Latest news

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2021-02-11 15:07:39

FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]