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

XAUUSD market technical outlook

Daily chart:

Gold broke the bearish inside bar Friday having triggered corrective downswing. Development potential of this correction is PPZ 1750.00-1755.34, where a sufficient demand for the asset might be faced again (black trajectory).


Within the local structure we also observe tangible bearish momentum that will facilitate a break of the support zone 1769.27-1769.70 and renewal of the lows with potential of further decline to 1750.00. Hold-up of decline at the support zone 1769.27-1769.70 could be an alternative for this scenario.


Main scenario: Decline in direction 1750.00.

Alternative scenario: Touch of 1769.27-1769.70 followed by a pullback to 1780.00-1781.25 and after that decline will resume.

Trading recommendations:

  1. Shorts in direction 1750.00.

  2. Pending longs from 1750.00.

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