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

XAUUSD market technical outlook

Daily chart:

Gold fully worked off its major target at the resistance zone 1916.22-1920.00 and has good chances for a close of today’s session by bearish engulfment. If this scenario gets confirmation, we might see a new slump of the price to 1860.00.


Local structure keeps a bullish tone so far, but has signs of buyers’ weakness, who reside too far from the peak of the chart. At the same time a full-fledged upswing wasn’t formed yet, therefore growth to 1910.44 is still likely. Here we can consider opening short trades. Support zone 1866.49-1969.11 might be the target of decline.


Main scenario: Growth to 1910.44, then decline to 1900.00, 1890.00 with aim at 1866.49-1869.11.

Alternative scenario: Downward reversal from the psychological level 1900.00. Targets are 1890.00, 1880.00, 1870.00, 1866.49.

Trading recommendations:

Shorts from 1900.00 and 1910.44.

Latest news

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 […]

Deposit Bonus 200%

2020-11-03 08:45:33

Only from November 02nd to December 04th, 2020, 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 200%? […]