website utilities


Follow us:
+1 64 64 8000 31 (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 Buy Zone (1848.75 to 1817.75). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (1848.75)
    • Support on 09/24/2020
    • Support on 09/25/2020
    • Support on 09/28/2020
    • Support on 11/09/2020
    • Resistance on 12/04/2020
    • Resistance on 12/10/2020
    • Resistance on 12/11/2020
  • Ending of entry zone (1817.75)
    • Resistance on 07/09/2020
    • Resistance on 07/15/2020
    • Resistance on 07/20/2020
    • Resistance on 12/01/2020
    • Support on 12/14/2020

DateDecember 26, 2020 - 12:58
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1762.05, resumption of uptrend is expected.
  • We make sure when the resistance at 1902.60 breaks.
  • If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1818.00 on 12/14/2020, so more gains maximum to Major Resistance (1902.60) 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 56.

Take Profits:

  1. 1875.15
  2. 1902.60
  3. 1931.40
  4. 1965.50
  5. 2075.05
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) Sat, 23 Mar 2024
Gold (XAUUSD) Sat, 16 Mar 2024
Gold (XAUUSD) Sat, 9 Mar 2024
Gold (XAUUSD) Sat, 2 Mar 2024
Gold (XAUUSD) Sat, 24 Feb 2024