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Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

Trade Setup

#GOLD
Total Profit: 43120 pip
Closed trade(s): 12624 pip Profit
Open trade(s): 30496 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1751.37 based on 'Valley' entry method at 2021.08.11.

Closed Profit:
TP1 @ 1762.55 touched at 2021.08.13 with 1118 pip Profit.
TP2 @ 1789.55 touched at 2021.08.17 with 3818 pip Profit.
TP3 @ 1828.25 touched at 2021.09.03 with 7688 pip Profit.
1118 + 3818 + 7688 = 12624 pip

Open Profit:
Profit for one trade is 1827.61(current price) - 1751.37(open price) = 7624 pip
4 trade(s) still open, therefore total profit for open trade(s) is 7624 x 4 = 30496 pip

#GOLD
Total Profit: 10951 point
Closed trade(s): 11819 point Profit
Open trade(s): -868 point Profit

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

Closed Profit:
TP1 @ 1875.15 touched at 2021.05.19 with 4537 point Profit.
TP2 @ 1902.60 touched at 2021.05.26 with 7282 point Profit.
4537 + 7282 = 11819 point

Open Profit:
Profit for one trade is 1827.61(current price) - 1829.78(open price) = -217 point
4 trade(s) still open, therefore total profit for open trade(s) is -217 x 4 = -868 point

#GOLD
Total Profit: 27060 point
Closed trade(s): 12624 point Profit
Open trade(s): 14436 point Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1751.37 based on 'Valley' entry method at 2021.08.11.

Closed Profit:
TP1 @ 1762.55 touched at 2021.08.13 with 1118 point Profit.
TP2 @ 1789.55 touched at 2021.08.17 with 3818 point Profit.
TP3 @ 1828.25 touched at 2021.09.03 with 7688 point Profit.
1118 + 3818 + 7688 = 12624 point

Open Profit:
Profit for one trade is 1787.46(current price) - 1751.37(open price) = 3609 point
4 trade(s) still open, therefore total profit for open trade(s) is 3609 x 4 = 14436 point

#GOLD
Total Profit: 51425 point
Closed trade(s): 33914 point Profit
Open trade(s): 17511 point Profit

Trade Setup:
We opened 7 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 @ 1789.55 touched at 2021.04.19 with 6046 point Profit.
TP3 @ 1828.25 touched at 2021.05.07 with 9916 point Profit.
TP4 @ 1875.15 touched at 2021.05.19 with 14606 point Profit.
3346 + 6046 + 9916 + 14606 = 33914 point

Open Profit:
Profit for one trade is 1787.46(current price) - 1729.09(open price) = 5837 point
3 trade(s) still open, therefore total profit for open trade(s) is 5837 x 3 = 17511 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.
DateSeptember 5, 2021 - 15:10
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1676.70, resumption of uptrend is expected.
  • We make sure when the resistance at 1916.50 breaks.
  • If the support at 1676.70 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 1779.95 on 08/26/2021, so more gains to resistance(s) 1828.25, 1848.50, 1875.15 and maximum to Major Resistance (1916.50) 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 62.

Take Profits:

  1. 1762.55
  2. 1789.55
  3. 1828.25
  4. 1875.15
  5. 1916.50
  6. 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.