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

XAUUSD market technical outlook

Daily chart:

Daily bearish pin is being potentially formed from resistance level 1980.00 (yellow mark on the chart). We can record its actual forming only after close of today’s session, therefore so far it’s just a guess.

Nevertheless upswing is abnormally big already, therefore a downward correction is highly likely.  

But big sellers might have their interest higher, at the area of psychological barrier 2000.00, therefore we can’t rule out one more spurt to this region. 


Local structure keeps upward status and it will go on until the closest low (1930.83) is unbroken. In case of a break we’ll get a reversal pattern Over&Under that will drive to a substantial decline (to 1900.00, blue arrow).

If bulls manage to guard this zone today, the odds for growth to 2000.00 will remain in place.  


Main scenario: Decline under 1930.83 and forming of bearish pinbar by the end of the day that would be a solid sell signal for tomorrow.

Alternative scenario: Upward bounce off 1930.83 and extension of growth in direction 2000.00.

Trading recommendations:

  1. Below 1930.83 - shorts to 1900.00.

  2. Above 1930.83 - longs to 2000.00.

  3. Limit sell orders from 2000.00. 

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! 🏆 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 […]