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

XAUUSD market technical outlook

Daily chart:

Gold market as we anticipated retained flat tone and continues to stay in the range between support 1690.71 and resistance 1720.35. Optimal trading tactics might be longs from the lower border of the range, where a corrective swing might be formed today and a probability of new strong upward movement respectively.


It seems that local consolidation will be broken to the downside today. Bears will face a tough objective to pass support levels 1699.30 and 1697.00. But even if they succeed, they’ll get a new test at 1690.00-1692.00.


Decline in direction 1690.00-1692.00 with following upward bounce.

Trading recommendations:

  1. Shorts to 1690.00-1692.00.

  2. Longs from 1690.00-1692.00 (in case of getting a confirming signal at this area).

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