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

XAUUSD market technical outlook

Daily chart:

Solid buy signal was formed by the end of yesterday’s trading session - bullish inside bar at the tip of downswing. Let’s note that mid-term trend is not upward already, therefore buyers so far can reckon just on corrective growth of gold. Probable target of temporary recovery of the quotes is resistance level 1720.78.

H1-chart:

Corrective downswing is completed, therefore bulls can start to buy gold directly from current levels. In order to confirm local uptrend they need to break the recent structure’s high (1703.83).

Conclusions:

So, we expect growth to 1703.78 with aim at 1710.00 and 1720.78.

Trading recommendations:

Longs to 1703.78, 1710.00, 1720.78.

Latest news

FortFS 10-year anniversary = 10% cashback

2020-06-30 08:40:55

To celebrate our 10-year anniversary we are going to provide a 10% compensation for every trading order closed at a loss to all Clients! PARTICIPATE IN THE PROMOTION TO GET THE MOST OUT OF TRADING WITH FORTFS: Compensation for every trading order closed at a loss Fully withdrawable without trading turnover requirements Compatible with deposit […]

+$500 FOR TRADING

2020-05-27 07:58:43

Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive bonus funds for […]