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.


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.


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

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 […]