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

XAUUSD market technical outlook

Daily chart:

Gold so far didn’t reach the mid-term resistance level 1965.00, therefore a tendency to growth may remain in place today as well. Prior to that a downward pullback may take place for retesting PPZ 1931.20-1932.93. 

H1-chart:

Local structure has a full-fledged downward correction and an explicit support at 1940.00-1941.00. It’s a good starting point for one more upward momentum in direction 1965.00.

Conclusions:

Main scenario: Growth to 1965.00, then downward reversal.

Alternative scenario: Decline to 1931.20-1932.93, then new upswing with aim at 1965.00 (extraday).

Trading recommendations:

  1. Longs to 1965.00.

  2. Shorts from 1965.00.

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 […]