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

Trade Setup

#GOLD
Total Profit: -51750 point
Closed trade(s): 0 point Profit
Open trade(s): -51750 point Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1829.78 based on 'Valley' entry method at 2021.02.08.

Open Profit:
Profit for one trade is 1743.53(current price) - 1829.78(open price) = -8625 point
6 trade(s) still open, therefore total profit for open trade(s) is -8625 x 6 = -51750 point

#GOLD
Total Profit: 8664 point
Closed trade(s): 0 point Profit
Open trade(s): 8664 point Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1729.09 based on 'Valley' entry method at 2021.04.01.

Open Profit:
Profit for one trade is 1743.53(current price) - 1729.09(open price) = 1444 point
6 trade(s) still open, therefore total profit for open trade(s) is 1444 x 6 = 8664 point

Trading suggestion:

  • We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

DateApril 10, 2021 - 21:00
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1676.70, resumption of uptrend is expected.
  • We make sure when the resistance at 1762.55 breaks.
  • If the support at 1676.70 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • There is a divergence in RSI and price between the trough at 1676.7 on 2021-03-08 and the trough at 1677.8 on 2021-03-31, the probability of downtrend continuation is decreased and the probability of resumption of uptrend is increased.
  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • A trough is formed in daily chart at 1677.80 on 03/31/2021, so more gains maximum to Major Resistance (1762.55) 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 52.

Take Profits:

  1. 1762.55
  2. 1828.25
  3. 1875.15
  4. 1959.30
  5. 2075.05
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) new Sat, 8 May 2021
Gold (XAUUSD) free Sat, 1 May 2021
Gold (XAUUSD) Sat, 24 Apr 2021
Gold (XAUUSD) Sat, 17 Apr 2021
Gold (XAUUSD) Sat, 10 Apr 2021