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

XAUUSD market technical outlook

Daily chart:

Bullish pinbar wasn’t formed at the tip of downswing despite all the buyers’ efforts - yesterday’s session got bearish close. Thus we need to treat growth of the rate as just a correction and its target probably will be the area of penultimate high (1898.73-1906.49), where we have a potential offer zone according to Over&Under pattern.


Local consolidation was broken to the upside with settling of the price above resistance 1855.15-1856.76. This also speaks for the scenario of gold’s rate growth in direction 1880.00-1881.00 and 1894.00-1895.00.


Main scenario: Growth in direction 1880.00-1881.00 and 1894.00-1895.00.

Alternative scenario: Another slump of the quotes in direction 1810.00-1815.00.

Trading recommendations:

  1. Longs to 1880.00-1881.00 and 1894.00-1895.00.

  2. Seeking probable local sell signals at 1880.00-1881.00 and 1894.00-1895.00.

Latest news


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 […]