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.


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.


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

Share posts and earn money

2020-09-16 08:29:16

We are launching the long-awaited rewards program for all subscribers of our social networks – share posts with your friends and get money on your FortFS account as a reward! 🥇 The participants will get the following benefits: • Real money for reposts • The reward is available for withdrawal without restrictions • You can […]

No Deposit Bonus 100 USD

2020-08-20 20:43:20

Dear Traders, Make sure to receive $100 on your trading accounts only from the 20th to the 28th of August! No Deposit Bonus 100 USD is the best way to start trading and test all of the Company’s products! GET BONUS The bonus features: Withdrawal of up to 100 USD 75 lots of trading turnover […]