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

XAUUSD market technical outlook

Daily chart:

Upswing weakened tangibly at the resistance zone 1855.12-1857.06 that so far is driving to forming a probable inside bar. In case the session closes that way, traders will get a sell signal for tomorrow in direction 1810.07.


Local structure is bracketed between strong zones of support (1833.96-1834.56) and resistance (1845.91-1846.71). It looks like today we’ll observe a consolidation between these zones that coincides with potential inside-bar forming on the daily chart. 


Main scenario: Growth to 1845.91-1846.71 followed by decline in direction 1833.96-1834.56.

Alternative scenario: Drop to 1810.07.

Trading recommendations:

  1. Longs to 1845.91-1846.71.

  2. Shorts to 1845.91-1846.71 to 1833.96-1834.56.

Latest news

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

Deposits are even more profitable now!

2021-02-01 11:29:44

Only until February 26, special deposit rates* are available for all traders in Malaysia, Indonesia, Vietnam and Thailand: 3.6 MYR = 1 USD 10 000 IDR = 1 USD 20 000 VND = 1 USD 25 THB = 1 USD *Only Local bank deposit method is included Hurry up to take advantage of the offer until […]