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

XAUUSD market technical outlook

Daily chart:

Gold continues to renew lows extending a massive mid-term downward correction. Market is clearly heading in direction of the round level 1800.00.


Local downward structure has a massive trending bearish swing with a pinbar at its tip. It’s a buy signal, therefore we can expect a short-term recovery of the quotes to PPZ 1882.72, where the recent broken low resides. Here, in turn, we could consider shorts reckoning on extension of decline to 1800.00.


Pullback to 1882.72, then resumption of decline in direction of the mid-term target 1800.00.

Trading recommendations:

  1. Longs to 1882.72.

  2. Shorts from 1882.72 to 1800.00 (in medium-term).

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