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

XAUUSD market technical outlook

Daily chart:

Upswing is poised to test pivot-level 1643.38, where we can get either a further upward break in direction 1700.00 (black arrow) or a downward reversal (blue trajectory). Thus it’s important to monitor market reaction on this level.

H1-chart:

Bulls after a substantial accumulation has confidently broken another pivot-zone 1619.00-1621.00. Thus we expect reach of 1643.38 and probable attack of buyers.

Conclusions:

Main scenario: Break of 1643.38 and extension of growth in direction 1700.00.

Alternative scenario: Growth to 1643.38 and following downward reversal.

Trading recommendations:

  1. Longs to 1643.38 and 1700.00.

  2. Seeking probable sell signals at 1643.38.

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