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

XAUUSD market technical outlook

Daily chart:

Forming of corrective upswing is in progress, which most likely is aimed at 1850.27-1860.00, where a pivot zone resides formed by the two latest broken lows.

H1-chart:

Local upward structure is forming downward correction, which is potentially limited by two zones at this moment: 1824.00-1826.00 and 1812.00-1816.89. Buy signals that might be formed in these zones will have good odds for execution today. 

Conclusions:

Main scenario: Decline to 1824.00-1826.00, then extension of growth in direction 1850.00.

Alternative scenario: Deeper correction to 1812.00-1816.89, then upward reversal and extension of mid-term growth in direction 1850.00.

Trading recommendations:

Longs from 1824.00-1826.00 and 1812.00-1816.89 in direction 1850.00.

 

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