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

XAUUSD market technical outlook

Daily chart:

Bullish pinbar was formed at the tip of downswing yesterday that can be treated as a signal for upward correction. If this scenario gets confirmation, gold would recover to 1902.42-1910.88.

H1-chart:

Local structure consolidates in the range of recent swing (1861.52-1873.15). This accumulation might get broken and it will define the direction of the market for the nearest term. Upward target is 1900.00-1902.42, downward target is 1848.33.

Conclusions:

Main scenario: Break of resistance 1873.15 and growth in direction 1900.00-1902.42.

Alternative scenario: Break of support 1861.52 and further decline to 1848.33.

Trading recommendations:

Trading expecting the break of the 1861.52-1873.15 range to the targets of a corresponding scenario.

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! πŸ† 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 πŸ“ How to get the bonus: 1) Register an […]