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XAUUSD market technical outlook

Daily chart:

Upswing has tested resistance zone 1762.09-1764.36 and now there is a potential of getting a bearish inside bar at its tip (red round mark). Traders will get a solid sell signal for tomorrow if the day closes this way.

H1-chart:

Local structure retains the status of bullish trend and has a completed corrective swing. If we stick to forming of the inside bar on a daily chart by the end of the day, we’ll get flat in the 1743.00-1754.00 range. 

Conclusions:

Flat in the 1743.00-1754.00 range.

Trading recommendations:

Shorts from 1754.00 to 1743.00.

Latest news

Reduced spreads for popular pairs

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 […]