Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-06-17 10:53:46
Gold again got support at 1720.78 yesterday that can be taken as strong position of bulls. However it’s too early to draw such conclusions as the structure still lacks a full-scale bearish swing meaning that market will definitely switch to its forming.
A perspective zone for new sell-offs remains resistance area 1737.71-1745.58.
H1-chart:
Local structure so far keeps 100% bearish tone having systematic lower highs (small black arrows). Another downswing may start at any moment with development potential below the recent structure’s low (1715.95).
Conclusions:
Decline in direction 1715.95 and 1710.00.
Trading recommendations:
Shorts to 1715.95 and 1710.00.
Latest news
2020-09-29 08:00:46
+$500 FOR TRADING 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 […]
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 […]