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XAUUSD market technical outlook

Daily chart:

As we supposed gold market switched to downswing after upward bounce off support 1690.71-1702.58. One more attempt of testing resistance 1737.94-1746.27 looks reasonable now.

H1-chart:

Local upswing has sufficient length but keeps good bullish momentum without signs of stopping. It’s quite possible that buyers will reach 1737.94-1746.27 zone without downward pullback.

Conclusions:

Growth in direction 1737.94-1746.27.

Trading recommendations:

Longs in direction 1737.94-1746.27.

Latest news

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

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]