Languages

website utilities


Follow us:
+1 (646) 48 000 22 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1747.50 to 1765.05). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1747.50)
    • Resistance on 04/14/2020
    • Resistance on 05/15/2020
    • Resistance on 05/18/2020
    • Resistance on 05/19/2020
    • Resistance on 05/20/2020
    • Resistance on 05/21/2020
  • Ending of entry zone (1765.05)
    • Resistance on 05/18/2020

DateMay 30, 2020 - 13:41
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

Midterm forecast:

  • While the price is below the resistance 1765.05, beginning of downtrend is expected.
  • We make sure when the support at 1660.25 breaks.
  • If the resistance at 1765.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 1766.35 on 05/18/2020, so more losses to support(s) 1700.00 and minimum to Major Support (1660.25) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 55.

Take Profits:

  1. 1700.00
  2. 1660.25
  3. 1611.25
  4. 1549.15
  5. 1515.95
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) Sat, 11 Jul 2020
Gold (XAUUSD) Sat, 4 Jul 2020
Gold (XAUUSD) Sat, 27 Jun 2020
Gold (XAUUSD) Sat, 20 Jun 2020
Gold (XAUUSD) Sat, 13 Jun 2020