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

XAUUSD market technical outlook

Daily chart:

As we see, a halt of decline at 1924.87-1935.00 didn’t become a direct signal for recovery of the quotes. Bulls so far don’t show ardour to attack from current levels, therefore a certain breather taken by the market after an upward rally can quite become lengthy turning into a full-fledged consolidation in the 1924.87-1985.00 range.


Local structure has very good points for opening trades and also a formed bullish reversal pattern O&U. Demand area according to O&U resides at 1924.27-1930.00, where we can expect an upward reversal in direction of resistances 1955.84 and 1979.00.


Decline to 1924.27-1930.00 and then growth to 1955.84 and 1979.00.

Trading recommendations:

  1. Shorts to 1924.27-1930.00.

  2. Longs from 1924.27-1930.00 to 1955.84 and 1979.00.

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