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

XAUUSD market technical outlook

Daily chart:

Gold so far is traded within yesterday’s range (bullish inside bar formation). Should the day closes this way, traders will get a promising buy signal. Potential of growth today is capped by resistance 1850.27-1860.00.

H1-chart:

Local bullish swing has a big amplitude that probably won’t let it go above the closest resistance level 1847.48. Though this matches a scenario of daily inside bar forming. Support for gold today will be the broken pivot 1839.31-1840.55.

Conclusions:

Main scenario: Growth to 1847.48, then decline to 1839.31-1840.55.

Alternative scenario: Break of 1847.48 and further growth to 1850.00, 1855.00, 1860.00.

Trading recommendations:

  1. Shorts from 1847.48 to 1839.31-1840.55 (we need a confirmation on junior time-frames for such trades).

  2. Longs from 1839.31-1840.55 to 1847.48, 1855.00, 1860.00.

Latest news

DEPOSIT BONUS 200%: PROLONGED TILL 04 JANUARY 2021!

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 […]