Technical analytics

XAUUSD market technical outlook


Daily chart: 

Strong bearish momentum triggered by Friday’s NFP didn’t drive to forming of full-scale downswing, therefore scenario with slight renewal of Friday’s low (1458.30) is still actual (watch the black trajectory).

In general, the structure keeps the tone of uptrend, therefore buyers can regain control at any moment after forming of corrective swing and this may lead to recovery of the quotes to the 1473.48 region. 


Local structure undergoes corrective upward phase. Thus growth is likely to be cut at PPZ 1471.04 and downswing can be launched from this level.



Growth towards 1471.04 and then downward reversal in direction 1458.00.

Trading recommendations:

  1. Longs to 1471.04.

  2. Shorts from 1471.04 to 1458.00.

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