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

XAUUSD market technical outlook

Daily chart:

Gold still has the energy for upward movement in direction of mid-term resistance at 1689.36-1702.58. But we can get a prior testing of 8-day EMA, which now resides at the mark of $1628 for a troy ounce.


Local upward structure is forming trending swing. But we should acknowledge that its development is weird and dynamics is dampened. If bulls fail to pass the last high at 1677.00, the quotes might fall to support zone 1619.12-1621.46 (black trajectory).


Main scenario: Extension of growth in direction 1677.00 and 1700.00.

Alternative scenario: Decline to 1619.12-1621.46.

Trading recommendations:

  1. Longs in direction 1677.00 and 1700.00.

  2. Shorts to 1619.12-1621.46 (in case of getting confirming signals on H1-chart).

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