XAUUSD market technical outlook

2020-06-15 08:05:49

Daily chart:

At the tip of upswing an inside bar was formed, which is being actively broken to the downside today. Thus we can expect development of new bearish swing in direction of support zone 1690.52-1692.91.

H1-chart:

Local downward structure is in trending stage. As we see support 1720.00-1721.00 is already broken that opens room for sellers to the psychological level 1700.00.

Conclusions:

Decline to 1700.00 with aim at 1690.00.

Trading recommendations:

Shorts to 1700.00 and 1690.00.

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

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 […]