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

XAUUSD market technical outlook

Daily chart:

Bulls broke mid-term resistance zone 1689.36-1702.58 in a good style providing themselves with an opportunity for further growth of the quotes after retest of the broken zone (black trajectory).

At the same time upswing is too big that might require a deeper correction.


Forming of corrective downswing is over on the local chart, therefore growth of the quotes may take place from current level.


Main scenario: Growth in direction 1730.00-1740.00.

Alternative scenario: Extension of downward correction in direction 1689.36-1702.58 with following upward reversal.

Trading recommendations:

Longs in direction 1730.00-1740.00.

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