Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-07-20 07:50:15
Alas, but close of Friday’s trading session by bullish inside bar means little for buyers. Yes, uptrend doesn’t cast doubts, but market hardly will post new highs without a full-scale bearish swing. This means that at resistance level 1817.64 we might see dampening bulls and downward reversal again.
H1-chart:
Local resistance zone capable to reverse gold to the downside is 1813.12-1814.52. Here we see an absence of directed trend, therefore there are no reasons for breaking above it as well.
Potential target for development of downswing will be support zone 1802.29-1802.77.
Conclusions:
We expect a downward reversal in direction 1802.29-1802.77 after testing of 1813.12-1814.52.
Trading recommendations:
-
Shorts from 1813.12-1814.52 to 1802.29-1802.77.
-
Longs from 1802.29-1802.77.
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 […]