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


2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 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 […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]