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

XAUUSD market technical outlook

Daily chart:

Downswing wasn’t completed so far, therefore we should acknowledge that the bearish pinbar was not executed. Thus further decline of the gold market in direction of the support zone 1902.42-1910.88 is quite likely.


Local structure consolidates in the range of recent swing (1937.00-1951.36). Thus we consider a scenario of decline to 1937.00. And break of this support will boost the bearish scenario as consolidation will be broken to the downside.


Decline to 1937.00 with aim at further drop in direction 1902.42-1910.88.

Trading recommendations:

Shorts to 1937.00, 1930.00, 1920.00, 1910.42.

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 […]