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

XAUUSD market technical outlook

Daily chart:

Support at 1720.28 keeps being actual for gold. We can’t rule out a new attempt of attacking the mid-term resistance zone 1743.83-1745.58, which so far looks impassable.

H1-chart:

Local structure shows tangible bullish momentum suggesting upcoming testing of the closest high (1736.50), where we can get a correction to 1732.00. In case of such pullback we might again consider longs reckoning on further upward movement in direction 1743.83-1745.58.

Conclusions:

Growth to 1736.50 with aim at 1743.83-1745.58. Prior downward pullback from 1736.50 to 1732.00 may take place.

Trading recommendations:

Longs to 1736.50 and 1743.83-1745.58.

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