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

XAUUSD market technical outlook

Daily chart:

Bullish inside bar is formed at the tip of upswing. It’s not a self-acting signal of growth extension, but in general it suggest upward potential is still in place. It looks like buyers won’t let the gold go until the asset tests the magic zone 2000.00.

We can consider long trades from 1932.00-1933.00.

H1-chart:

Local upward structure has fully formed downward correction. Thus growth may be resumed from current levels directly (1951.00-1959.00 area).

Conclusions:

Trading in the 1951.00-1959.00 range and then resumption of growth in direction 2000.00.

Trading recommendations:

Longs from 1951.00-1959.00 to 2000.00.

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