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

XAUUSD market technical outlook

 Daily chart:

Gold market continues to consolidate below the resistance zone 1756.11-1760.43. This can be treated as an accumulation for the next trending downswing. But so far the structure didn’t get a direct short-trigger. 


Local trend keeps sideways mode. The structure is bracketed between strong zones of support (1732.29-1733.03) and resistance (1745.02-1746.40). Extension of price oscillations in this channel is highly likely (red trajectory). In case support 1732.29-1733.03 gets broken, we would be able to consider a short-term impulsive decline in direction 1723.94-1723.00.


Main scenario: Flat in the 1732.29-1746.40 range.

Alternative scenario: Drop of the quotes to 1723.94-1724.00.

Trading recommendations:

  1. Short-term trades to both sides inside the 1732.29-1746.40 channel.

  2. Mid-term shorts to 1723.29-1724.00.

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