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

XAUUSD market technical outlook

Daily chart: 

Though gold again renewed the high of upswing, the asset remains under influence of the pivot-zone 1910.88-1918.60, where sell-offs are likely and also speculative profit taking on short-term long trades.

At the same time let’s note that the structure doesn’t have a direct short signal so far, therefore we shouldn’t be too quick with short trades.


Local upward structure looks unsteady, losing supports. Thus a slight renewal of yesterday’s high so far looks like a false break. We expect further development of bearish swing in direction of support zones 1900.00-1902.00 and 1886.71-1889.53.


Decline in direction 1900.00-1902.00 and 1886.71-1889.53.

Trading recommendations:

Shorts to 1900.00-1902.00 and 1886.71-1889.53.

Latest news


2020-12-04 08:57:41

Only from November 02nd, 2020, to January 04th, 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 […]

No Deposit Bonus 100 USD – available for 3 days only!

2020-11-23 08:44:40

Only from 23 to 25 of November, the largest no deposit bonus 100 USD is available for all Forex traders! 🏆 Bonus details: 100 USD maximum withdrawal 75 lots of required trading turnover 2 weeks to try all of the trading conditions Available for cent accounts 📍 How to get the bonus: 1) Register an […]