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

XAUUSD market technical outlook

Daily chart:

The structure of gold market is forming trending bullish swing suggesting probable preparation for a break of the recent high (1788.73). Buyers are obviously interested to reach the psychological level of $1800 for a troy ounce and so far everything leads to successful hitting this target.


Local structure shows explicit bullish momentum, therefore given the completed corrective downswing we can expect an upward bounce off 1773.28-1774.00 in direction of the recent high 1788.73.


Growth from 1773.28-1774.00 in direction 1788.73.

Trading recommendations:

Longs from 1773.28-1774.00 in direction 1788.73.

Latest news


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! πŸ† 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 πŸ“ How to get the bonus: 1) Register an […]