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

XAUUSD market technical outlook

Daily chart:

Upswing is testing the area of mid-term resistance 1737.94-1746.27, which can trigger a tangible downward pullback. Thus sell signals formed in this region will have a big forecast value and high chances for execution.

The opposite is also true: if bulls settle above this zone, gold might get tangible boost of growth (blue arrow).


Local upward structure is in a trending stage. Amplitude of growth is too big to let bulls overcome the 1737.94-1746.27 barrier without prior downward correction. Thus we can expect a pullback to 1728.00-1732.00.


Growth to 1737.94-1746.27 and then correction in direction 1728.00-1732.00.

Trading recommendations:

  1. Longs in direction 1737.94-1746.27.

  2. Seeking local confirming sell signals at 1737.94-1746.27. 

Latest news


2020-05-13 07:54:04

№1 Forex Bonus that guarantees to protect your funds during drawdowns and gives +100% to the deposit! Take advantage of the bonus and get the following benefits: +100% to the deposit! 100% drawdown protection No expiration period

#StayHome with FortFS

2020-04-02 11:54:34

Share with others how you trade with FortFS during quarantine and get 50 USD. Works are accepted from 02 to 12 April, 2020 in photo or video format. Authors of 10 most creative works will get money prizes. Preference will be given to funny, interesting and original works in good quality.