Sellers failed to perform a downward break of the inside bar that can be a sign of weakness. However further growth for the market might be complicated as well now as the structure lacks full-scale corrective swing.
It looks like gold will continue facing resistance at the area of recent high (1817.64) and getting support at 1789.00-1790.00.
Local structure is finalizing forming of upswing, which will supposedly reverse to the downside from resistance zone 1809.00-1810.00, where we have the recent local high. Target of decline will be the strong support zone 1795.00-1796.00.
Downward reversal from 1809.00-1810.00 and decline to 1795.00-1796.00.
Shorts from 1809.00-1810.00 to 1795.00-1796.00.
Only from April 12, 2021, to May 14, 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 […]
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