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

XAUUSD market technical outlook

Daily chart:

Gold is influenced by the absence of a strong direct long-trigger: the market apparently needs upward correction, however it failed to perform it yesterday.

Likelihood of the asset’s recovery to 1857.00 will remain in place. Though we can’t rule out a prior second testing of the support zone 1817.06-1818.83.


Local structure has signs of a sideways trend - the price is bracketed between support zone 1828.90-1830.24 and resistance 1851.37-1856.75. Current phase is upward that allows going long in a short term. But after testing the range’s upper boundary the market may head to the downside again.


Main scenario: Flat in the 1828.90-1856.75 range.

Alternative scenario: Decline to 1817.06-1818.83, new upward reversal afterwards.

Trading recommendations: 

Trading to both sides inside the 1828.90-1856.75 range.


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 […]