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


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 […]