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

XAUUSD market technical outlook

Daily chart:

Gold after a bounce off support at 1755.00-1758.00 last week exhibits a tendency for recovery of the rate in direction of the psychological mark of $1800 an ounce. The area of the latest high (1797.00-1797.55) also might act as a strong resistance. 


We note a good bullish momentum, therefore a switch to the downswing can be expected only after testing of one of the closest resistance zones: 1783.71-1785.28 (black trajectory) or 1789.65 (blue scenario on the chart). In case a downward correction gets confirmation, the rate might reach supports at 1772.91-1774.64 and 1764.00-1765.17.


Main scenario: Growth in direction 1783.71-1785.28 and 1789.65.

Alternative scenario: Recovery to 1797.00-1800.00.

Trading recommendations:

  1. Seeking local buy signals in direction of the targets 1783.71-1785.28, 1789.65, 1797.00, 1800.00.

  2. Seeking local sell signals at the resistance zones 1783.71-1785.28 and 1789.6

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