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

XAUUSD market technical outlook

Daily chart:

Buyers confirmed good prospects of gold’s growth having closed yesterday’s session by the bullish inside bar - a strong buy signal. Thus we can expect a start of new upswing in direction of the resistance zone 1920.00-1930.00.


Local structure is forming corrective downswing. Supposedly, active demand for the asset will exhibit support zone 1900.00-1903.69 (black trajectory).

Scenario of growth might be cancelled in case the price moves below the round level 1900.00. The target of bears would be 1889.34-1891.70 (red arrow).


Main scenario: Testing of 1900.00-1903.69, then growth in direction 1920.00-1930.00.

Alternative scenario: In case the price goes below 1900.00, we expect a decline to 1889.34-1891.70 followed by an upward bounce.

Trading recommendations:

  1. Longs from 1899.00-1903.69 to 1920.00-1930.00.

  2. Shorts reckoning on break of 1900.00 to 1889.34-1891.70.

  3. Longs from 1.889.34-1891.70 to 1900.00.

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