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

Trade Setup

#GOLD
Total Profit: 27316 point
Closed trade(s): 3346 point Profit
Open trade(s): 23970 point Profit

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

Closed Profit:
TP1 @ 1762.55 touched at 2021.04.15 with 3346 point Profit.

Open Profit:
Profit for one trade is 1777.03(current price) - 1729.09(open price) = 4794 point
5 trade(s) still open, therefore total profit for open trade(s) is 4794 x 5 = 23970 point

#GOLD
Total Profit: -991650 point
Closed trade(s): 0 point Profit
Open trade(s): -991650 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 177.03(current price) - 1829.78(open price) = -165275 point
6 trade(s) still open, therefore total profit for open trade(s) is -165275 x 6 = -991650 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.
  • If the Midterm level 1744.50 is broken, we will close open trades.

DateApril 24, 2021 - 14:12
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1744.50, resumption of uptrend is expected.
  • We make sure when the resistance at 1797.55 breaks.
  • If the support at 1744.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1744.50 is broken.

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 (1797.55) 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 57.

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) 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