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

XAUUSD market technical outlook

Daily chart:

Upswing slowed down at 2015.00 that probably will let gold pull back to 1970.00-1980.00 (black trajectory).

Close of today’s session in the shape of bearish inside bar could become a signal of bullish movement completion and switching to a new mid-term correction (red arrow).


Local structure tolerated a slight break of the low that can be a sign of reversal forming via O&U pattern. To cancel such setup bulls have to break the recent high (2015.28).


Main scenario: Growth to 2020.00.

Alternative scenario: In case of failure to go above 2015.28 the asset will start to correct to 2000.00 with aim at 1970.00-1980.00.

Trading recommendations:

  1. Longs to 2020.00.

  2. Short-term shorts to 2000.00, 1980.00, 1970.00 (in case an alternative scenario pans out).

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 […]