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

XAUUSD market technical outlook

Daily chart:

Upswing is completed, but bears will still have the temptation to enter from the round level 1900.00, therefore its testing is likely. In general the wide pivot-zone 1902.42-1910.88 will be of interest, where traders most likely will sell out gold.  


Within local structure corrective downswing is testing the pivot-level 1886.00, where we can consider short-term longs in direction 1902.42-1910.88. After reaching this zone we can steeply switch to shorts reckoning on a downward reversal of the market and decline to 1875.00 and lower.


Growth from 1886.00 to 1902.42-1910.88, then a steep drop of the quotes in direction 1875.00 and 1850.00.

Trading recommendations:

  1. Longs from 1886.00 to 1902.42-1910.88.

  2. Shorts from 1902.42-1910.88 to 1875.00 and 1850.00.

Latest news

+$500 for trading

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 […]

Share posts and earn money

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 […]