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

XAUUSD market technical outlook

Daily chart:

Yesterday sellers failed to keep the market within proper bearish structure that may lead to a flat.

At this moment the price is firmly bracketed between support zone 1902.42-1910.88 and resistance 1961.69-1975.80. It seems that we’ll get trading inside this range.

H1-chart:

Local structure has a potential offer zone formed by O&U pattern - 1945.36-1954.77. We can consider shorts from this zone in direction of support 1910.15. Thus we expect testing of this region followed by drop.

Conclusions:

Testing of 1945.36-1954.77, then decline in direction 1910.15.

Trading recommendations:

Shorts from 1945.36-1954.77 to 1910.15.

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