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

XAUUSD market technical outlook

Daily chart:

Forming of the downswing’s tip continues at the support area 1483.11-1486.72. Direct signal for the start of upswing wasn’t formed yet, therefore this tendency may remain in place today also. Nevertheless, considering mid-term outlook, we can expect recovery of the quotes in direction 1500.00-1510.00.

H1-chart:

Local upward structure undergoes the stage of corrective downswing development, which supposedly will be completed at PPZ 1485.62, from where we can consider longs-trades in direction 1497.07-1500.00.

Conclusions:

Decline to the 1485.62 region and then growth in direction 1497.07-1500.00.

Trading recommendations:

Longs from 1485.62 to 1497.07-1500.00.

Latest news

Deposit Bonus 200%

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