Fort Financial Services Ltd acts under international brokerage license and appears as best ECN Forex Broker in Asia
XAUUSD market technical outlook
2020-11-11 07:57:37
As it was presumed, yesterday’s session was closed by the forming of a bullish inside bar, which is a very solid buy signal. We expect a start and development of new upswing in direction of resistance zones 1918.58-1922.00 and 1931.20-1932.93.
H1-chart:
Local structure of the gold market is highly consolidated in the 1867.18-1890.04 range. Once this channel gets broken (presumably - to the upside), the price will get a boost and might grow to 1935.00.
Conclusions:
Main scenario: Impulse growth in direction 1935.30.
Alternative scenario: Continuation of consolidation in the 1867.18-1890.04 range.
Trading recommendations:
Longs to 1935.
Latest news
2021-04-13 10:05:09
Only from April 12, 2021, to May 14, 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 […]
Reduced spreads for popular pairs
2021-02-11 15:07:39
FortFS wishes all traders a Happy Chinese New Year! Only from February 8 to March 12, 2021, we reduce spreads for the 4 most popular trading pairs. New values*: EURUSDf: 0.8 GBPUSDf: 0.9 USDJPYf: 1.0 XAUUSDf: 3.5 *These values are valid only for FLEX accounts Hurry up to take advantage of the offer! Learn more about spreads: https://www.fortfs.com/clients/specifications