Weekly XAUUSD Technical Analysis and Forecast - Commodities

Languages

website utilities

+1 64 64 8000 31 (New York, USA)

Sidebar List Commodities

Commodities
Brent Crude Oil (BRENT)
Natural Gas (NGAS)
West Texas Intermediate Oil (WTI)
Silver (XAGUSD)^free
Gold (XAUUSD)

Forex
AUDCAD^free
AUDCHF^free
AUDJPY
AUDNZD
AUDUSD
CADCHF
CADJPY
CHFJPY
EURAUD
EURCAD
EURCHF^free
EURGBP
EURJPY
EURNZD
EURUSD
GBPAUD
GBPCAD
GBPCHF
GBPJPY
GBPNZD
GBPUSD
NZDCAD
NZDCHF
NZDJPY
NZDUSD
USDCAD
USDCHF^free
USDJPY

Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

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: By appearing primary signs of entering the market, new entry zone and short-term targets would be published.
Date	September 5, 2020 - 14:26
Current	range bound
Forecast	beginning of downtrend
Midterm forecast: While the price is below the resistance 2075.05, beginning of downtrend is expected. We make sure when the support at 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low. A peak is formed in daily chart at 1991.10 on 09/01/2020, so more losses to support(s) 1916.20, 1862.45 and minimum to Major Support (1818.00) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 49. Supports and Resistances: 1660.25 Support on 04/21/2020 1611.25 Support on 04/06/2020 Support on 03/30/2020 Support on 03/27/2020 Support on 03/26/2020 Support on 03/25/2020 Support on 02/20/2020 Resistance on 03/25/2013 Resistance on 03/18/2013 Resistance on 02/20/2013 Resistance on 02/19/2013 Resistance on 02/18/2013 1549.15 Support on 03/24/2020 Resistance on 03/18/2020 Resistance on 03/17/2020 Support on 02/05/2020 Support on 02/04/2020 Support on 01/22/2020 Support on 01/21/2020 Support on 01/17/2020 Support on 01/16/2020 Support on 01/10/2020 Support on 01/09/2020 Resistance on 09/03/2019 Resistance on 08/29/2019 Resistance on 08/26/2019 Support on 04/05/2013 Support on 04/04/2013 Support on 04/03/2013 Click on the level to view price action history.