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

XAUUSD market technical outlook

Daily chart:

Corrective downswing is completed allowing to look for possible local demand at 1630.00.

However, direct signals for upward reversal weren’t formed yet, therefore there is an equal probability of downward correction extension in direction 1588.42-1593.52 (blue arrow).


Within local structure gold has a tangible support at 1630.22-1632.54 that today might allow the quotes to recover to 1650.00. Such scenario prevails now.


Growth to 1650.00.

Trading recommendations:

Longs to 1650.00.

Latest news

Deposit Bonus 200%

2020-03-19 07:35:21

Only from March 24th to April 24th, 2020, Deposit Bonus 200% will be 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 $10000 cents

2020-03-13 07:32:02

The biggest FortFS bonus is back for 4 days only! Only from 17.03 to 20.03 every FortFS client will have a chance to get $10000 cents no deposit bonus! How to participate? To have a FortFS account To be a member of the official FortFS chat-group in Telegram (@fortfs_chat) Detailed Terms and Conditions will be available across our social […]