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Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

Trade Setup

#GOLD
Total Profit: 58846 point
Closed trade(s): 13262 point Profit
Open trade(s): 45584 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.
TP2 @ 1828.25 touched at 2021.05.07 with 9916 point Profit.
3346 + 9916 = 13262 point

Open Profit:
Profit for one trade is 1843.05(current price) - 1729.09(open price) = 11396 point
4 trade(s) still open, therefore total profit for open trade(s) is 11396 x 4 = 45584 point

#GOLD
Total Profit: 7962 point
Closed trade(s): 0 point Profit
Open trade(s): 7962 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 1843.05(current price) - 1829.78(open price) = 1327 point
6 trade(s) still open, therefore total profit for open trade(s) is 1327 x 6 = 7962 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 1762.55 is broken, we will close open trades.
DateMay 15, 2021 - 18:28
Currentuptrend
Forecastcontinuation of uptrend

Midterm forecast:

  • 1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1762.55 is broken.

Technical analysis:

  • A trough is formed in daily chart at 1756.05 on 04/29/2021, so more gains to resistance(s) 1875.15, 1959.30, 2000.00 and more heights 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 66.

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) Sun, 14 Apr 2024
Gold (XAUUSD) Sat, 6 Apr 2024
Gold (XAUUSD) Sat, 30 Mar 2024
Gold (XAUUSD) Sat, 23 Mar 2024
Gold (XAUUSD) Sat, 16 Mar 2024
History
Daily-Trading-Opportunities on XAUUSD.