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

XAUUSD market technical outlook

Daily chart:
Gold keeps uptrend , but as we told this week, the structure needs to perform a full-scale corrective downswing in order to get a full-scale bullish swing. Such swing wasn’t completed by the end of yesterday’s session, therefore bulls’ ability to break the closest high (1817.64) is in big question. Most likely we’ll see another weakness of buyers during approach to this zone and a new downward correction in direction of the round level 1800.00.


Local structure has a very strong resistance area 1811.00-1813.00. It looks like today it won’t be overcome as well facilitating development of corrective decline in direction 1805.50 and 1795.00.


We expect a downward reversal from 1811.00-1813.00 to 1805.50 and 1795.00.

Trading recommendations:

  1. Shorts from 1811.00-1813.00 to 1805.50 and 1795.00.

  2. Seeking probable buy signals at 1795.00 on H1-chart.

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