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XAUUSD market technical outlook

Daily chart:

Gold is just $20 shy of the historical high of $2000 for an ounce. And most likely today this round figure will remain a “magnet” for the market as well.

After a slight downward pullback today we can again consider long trades. 


We can note a preferable area for long trades within local structure - 1930.89-1933.00.  It’s from this zone we can expect a new bullish swing in direction of the recent structure’s peak (1980.87).


Decline to 1930.89-1933.00 and then growth in direction 1980.87-2000.00.

Trading recommendations:

Longs from 1930.89-1933.00 to 1980.87-2000.00.

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 […]