Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-08-21 07:56:34
As we see, a halt of decline at 1924.87-1935.00 didn’t become a direct signal for recovery of the quotes. Bulls so far don’t show ardour to attack from current levels, therefore a certain breather taken by the market after an upward rally can quite become lengthy turning into a full-fledged consolidation in the 1924.87-1985.00 range.
H1-chart:
Local structure has very good points for opening trades and also a formed bullish reversal pattern O&U. Demand area according to O&U resides at 1924.27-1930.00, where we can expect an upward reversal in direction of resistances 1955.84 and 1979.00.
Conclusions:
Decline to 1924.27-1930.00 and then growth to 1955.84 and 1979.00.
Trading recommendations:
-
Shorts to 1924.27-1930.00.
-
Longs from 1924.27-1930.00 to 1955.84 and 1979.00.
Latest news
2020-09-29 08:00:46
+$500 FOR TRADING Trade and receive real money for each 10th completed lot USE THE BONUS AND GET THE FOLLOWING BENEFITS: Unlimited withdrawal Compatible with Megaprotect and Deposit Bonus Available for cents and swap-free accounts HOW TO GET BONUS? To have a valid trading account To maintain the minimum account balance of 100 USD Keep trading and receive […]
2020-09-16 08:29:16
We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]