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Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

DateSun, 11/12/2017 - 12:04
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 47.

Trading suggestion:
There is possibility of temporary retracement to suggested Trend Hunter Sell Zone (1288.75 to 1305.15), if so, we would set orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1288.75)
    • Resistance on 11/09/2017
    • Resistance on 10/10/2017
    • Resistance on 09/29/2017
    • Support on 09/25/2017
    • Support on 09/21/2017
    • Resistance on 08/18/2017
    • Resistance on 08/17/2017
    • Resistance on 08/10/2017
    • Resistance on 06/08/2017
    • Resistance on 04/21/2017
    • Resistance on 04/13/2017
    • Resistance on 11/10/2016
    • Support on 11/03/2016
    • Resistance on 11/01/2016
    • Resistance on 06/14/2016
    • Resistance on 06/13/2016
    • Resistance on 05/16/2016
    • Resistance on 05/09/2016
    • Resistance on 05/06/2016
    • Support on 05/02/2016
  • Ending of entry zone (1305.15)
    • Resistance on 10/16/2017
    • Support on 09/19/2017
    • Support on 09/18/2017
    • Support on 08/31/2017
    • Support on 08/30/2017
    • Support on 08/29/2017
    • Resistance on 11/09/2016
    • Resistance on 11/04/2016
    • Resistance on 11/03/2016
    • Resistance on 11/02/2016
    • Support on 09/16/2016
    • Support on 09/02/2016
    • Support on 09/01/2016
    • Support on 08/31/2016
    • Support on 06/28/2016
    • Resistance on 06/16/2016
    • Resistance on 05/02/2016
    • Resistance on 01/22/2015
    • Resistance on 01/21/2015
    • Resistance on 08/18/2014
    • Support on 08/13/2014
    • Support on 08/12/2014
    • Support on 08/11/2014
    • Support on 08/08/2014
    • Support on 08/07/2014
    • Resistance on 07/30/2014
    • Resistance on 07/29/2014
    • Resistance on 07/24/2014
    • Support on 07/22/2014
    • Support on 07/21/2014
    • Support on 07/18/2014
    • Resistance on 07/16/2014
    • Support on 07/14/2014
    • Support on 06/26/2014
    • Support on 06/20/2014
    • Resistance on 05/22/2014
    • Resistance on 05/19/2014
    • Resistance on 05/15/2014
    • Resistance on 05/12/2014
    • Support on 05/06/2014
    • Resistance on 05/02/2014
    • Resistance on 04/28/2014
    • Resistance on 04/25/2014
    • Resistance on 04/17/2014
    • Resistance on 04/16/2014
    • Support on 04/09/2014
    • Resistance on 04/07/2014
    • Resistance on 04/04/2014
    • Resistance on 03/27/2014
    • Support on 03/25/2014
    • Support on 03/24/2014
    • Support on 02/20/2014
    • Resistance on 02/13/2014
    • Support on 11/07/2013
    • Support on 11/05/2013
    • Support on 11/01/2013
    • Resistance on 10/10/2013
    • Support on 10/09/2013
    • Support on 10/07/2013
    • Support on 10/04/2013
    • Support on 10/03/2013
    • Support on 09/24/2013
    • Support on 09/18/2013
    • Support on 09/17/2013
    • Support on 09/16/2013
    • Support on 09/13/2013

Take Profits:

  1. 1271.00
  2. 1262.50
  3. 1248.65
  4. 1222.75
  5. 1204.80
  6. 1180.00
  7. 1155.00
  8. 1131.60
  9. 1083.25
  10. 1046.15
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) free Sat, 16 Jun 2018
Gold (XAUUSD) free Sun, 10 Jun 2018
Gold (XAUUSD) free Sun, 3 Jun 2018
Gold (XAUUSD) free Mon, 28 May 2018
Gold (XAUUSD) free Sun, 20 May 2018