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

XAUUSD market technical outlook

Daily chart:

Gold grows in direction of resistance zone 1734.94-1746.27, where we can equally get either a further upward break or corrective downward pullback.

Buyers keep positional advantage as trend of gold is apparently bullish.

H1-chart:

Local upward structure is forming trending upswing, which might get problems at resistance 1738.00, which is a key zone today that defines further scenario of today’s session.

Conclusions:

Main scenario: Growth to 1738.00 first and then to 1746.27.

Alternative scenario: Touch of 1738.00 and then downward reversal in direction 1717.20-1720.22.

Trading recommendations:

  1. Longs to 1738.00 and 1746.27.

  2. Shorts from 1738.00 to 1717.20-1720.22 (in case of getting a confirming signal).

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