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

XAUUSD market technical outlook

Daily chart:

Gold is consolidating in the range between PPZ 1689.36-1702.58 and resistance 1746.27. It looks like this tendency will be extended as the structure apparently will need a corrective swing for continuation of uptend.


We also note a strong local resistance at the area of $1725 for an ounce, which bulls are unable to overcome as we see. Thus we expect one more downswing in direction of support level 1711.25. It looks like today session will flow between these levels.


Flat in the 1711.52-1725.00 range.

Trading recommendations:

  1. Shorts to 1711.25.

  2. Longs from 1711.25 to 1725.00.

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