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

XAUUSD market technical outlook

Daily chart: 

A reversal bullish bar was performed at the tip of downswing yesterday. It's not a direct long-setup, therefore chances for further decline remain in place. But it can quite let gold correct in direction of the PPZ 1902.42-1906.74.


Local structure consolidates in the range of recent swing 1878.92-1897.64. Upswing wasn’t completed so far, therefore a prevailing scenario is growth of the quotes in direction of the upper boundary (1897.64) and the psychological level 1900.00.


Main scenario: Growth in direction 1897.64-1900.00, then decline in direction 1878.92.

Alternative scenario: Flat with low volatility inside the 1878.92-1897.64 range.

Trading recommendations:

  1. Longs to 1897.64-1900.00.

  2. Shorts from 1897.64-1900.00.

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 […]