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

XAUUSD market technical outlook

Daily chart:

Gold is testing another psychological barrier of $1900 for an ounce. So far there are no direct short-signals revealing bulls’ weakness, but bullish swing apparently might be substantially exhausted. Downward reversal from 1900.00-1905.00 is highly likely.


Local structure so far keeps residual bullish potential, but here we can also consider a potential scenario of reversal from 1900.00. Strong stopping support zone is 1869.65.


Growth to 1900.00-1905.00 and then downward reversal to 1869.65.

Trading recommendations:

  1. Longs to 1900.00-1905.00.

  2. Shorts from 1900.00-1905.00 to 1869.65.

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