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
Trade Setup

#XAUUSD
Total Profit: 195032 point
Closed trade(s): 133679 point Profit
Open trade(s): 61353 point Profit

Trade Setup:
We opened 12 BUY trades @ 1629.47 based on 'Hammer' entry method at 2022-11-03.

Closed Profit:
TP1 @ 1658.96 touched at 2022-11-04 with 2949 point Profit.
TP2 @ 1688.79 touched at 2022-11-08 with 5932 point Profit.
TP3 @ 1708.45 touched at 2022-11-08 with 7898 point Profit.
TP4 @ 1730.00 touched at 2022-11-10 with 10053 point Profit.
TP5 @ 1765.00 touched at 2022-11-11 with 13553 point Profit.
TP6 @ 1807.13 touched at 2022-12-05 with 17766 point Profit.
TP7 @ 1850.71 touched at 2023-01-04 with 22124 point Profit.
TP8 @ 1878.75 touched at 2023-01-09 with 24928 point Profit.
TP9 @ 1914.23 touched at 2023-01-13 with 28476 point Profit.
2949 + 5932 + 7898 + 10053 + 13553 + 17766 + 22124 + 24928 + 28476 = 133679 point

Open Profit:
Profit for one BUY trade is 1833.98(current price) - 1629.47(open price) = 20451 point
3 trade(s) still open, therefore total profit for open trade(s) is 20451 x 3 = 61353 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 1810.69 is broken, we will close open trades.
DateMarch 10, 2023 - 10:21
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1810.69, resumption of uptrend is expected.
  • We make sure when the resistance at 1961.36 breaks.
  • If the support at 1810.69 is broken, the short-term forecast -resumption of uptrend- will be invalid.
  • We will close our open trades, if the Midterm level 1810.69 is broken.

Technical analysis:

  • While the RSI resistance #1 at 60 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1809.30 on 03/08/2023, so more gains to resistance(s) 1848.54, 1876.55, 1914.23 and maximum to Major Resistance (1961.36) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Take Profits:

  1. 1658.96
  2. 1688.79
  3. 1710.22
  4. 1730.00
  5. 1765.00
  6. 1810.69
  7. 1848.54
  8. 1876.55
  9. 1914.23
  10. 1980.16
  11. 2067.21
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.