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

XAUUSD market technical outlook

Daily chart:

Gold showed more reaction than other assets to the news on the presidential election having broken a bunch of important resistances. Growth was capped by the 1950.00 level, however there are premises for further movement of the asset in direction 1973.23.

Buyers might be active at PPZ 1931.20-1933.00 and 1918.58-1921.00.


Upward structure doesn't cast any doubts so far. Further growth looks predetermined and there are questions only about the depth of correction and surprises from NFP.

Corrective downswing is completed, therefore bulls can regain control at current levels (blue arrow).

If support 1915.28 gets broken, the quotes might temporarily fall to PPZ 1911.86-1913.13 and after that growth would probably resume (black trajectory).



Main scenario: Growth to 1973.23 from current levels.

Alternative scenario: Decline to 1911.86-1913.13, then growth to 1973.23.

Trading recommendations:

Longs from 1915.28 and 1911.86-1913.13.

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