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Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

Trade Setup

#XAUUSD
Total Profit: 21540 point
Closed trade(s): 4698 point Profit
Open trade(s): 16842 point Profit
_______________________________________________
Trade Setup:
We opened 9 SELL trade(s) @ 1339.99 based on 'Peak' entry method at 2018.01.29.

Closed Profit:
TP1 @ 1324.15 touched at 2018.02.06 with 1584 point Profit.
TP2 @ 1308.85 touched at 2018.02.08 with 3114 point Profit.
1584 + 3114 = 4698 point

Open Profit:
Profit for one trade is 1339.99(open price) - 1315.93(current price) = 2406 point
7 trade(s) still open, therefore total profit for open trade(s) is 2406 x 7 = 16842 point
_______________________________________________

DateSun, 02/11/2018 - 17:22
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish
Open1331.87
High1346.05 on Tue, 02/06/2018 - 02:30
Low1307.04 on Thu, 02/08/2018 - 12:00
Close1315.93
Description

Trading suggestion:
We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets, the description can also be found below the image.

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 44.

Take Profits:

  1. 1324.15
    • Support on 02/06/2018
    • Support on 01/18/2018
    • Resistance on 01/11/2018
    • Resistance on 01/10/2018
    • Resistance on 01/05/2018
    • Resistance on 01/04/2018
    • Support on 09/12/2017
    • Resistance on 08/31/2017
    • Resistance on 08/29/2017
  2. 1308.85
    • Support on 02/08/2018
    • Support on 01/10/2018
    • Support on 01/09/2018
    • Support on 01/04/2018
    • Support on 01/03/2018
    • Support on 01/02/2018
    • Resistance on 08/30/2017
    • Resistance on 11/09/2016
    • Resistance on 11/04/2016
    • Resistance on 11/02/2016
    • Support on 10/03/2016
    • Support on 09/21/2016
    • Support on 09/19/2016
    • Support on 09/16/2016
    • Support on 09/15/2016
    • Support on 09/02/2016
    • Support on 08/30/2016
    • Support on 07/21/2016
    • Support on 06/29/2016
    • Support on 06/28/2016
    • Resistance on 06/16/2016
    • Resistance on 01/22/2015
    • Support on 08/14/2014
    • Resistance on 08/11/2014
    • Resistance on 08/06/2014
    • Resistance on 07/29/2014
    • Resistance on 07/28/2014
    • Resistance on 07/25/2014
    • Resistance on 07/23/2014
    • Resistance on 07/15/2014
    • Support on 07/03/2014
    • Support on 06/30/2014
    • Resistance on 05/15/2014
    • Resistance on 05/14/2014
    • Resistance on 05/07/2014
    • Resistance on 04/08/2014
    • Resistance on 04/04/2014
    • Resistance on 03/27/2014
    • Support on 03/25/2014
    • Support on 02/20/2014
    • Support on 02/19/2014
    • Resistance on 11/08/2013
    • Support on 11/06/2013
    • Support on 11/05/2013
    • Support on 11/04/2013
    • Support on 11/01/2013
    • Support on 10/22/2013
    • Resistance on 10/10/2013
    • Support on 10/07/2013
    • Support on 10/04/2013
    • Support on 10/03/2013
    • Support on 09/24/2013
    • Support on 09/17/2013
    • Support on 09/16/2013
    • Support on 09/13/2013
    • Resistance on 08/06/2013
    • Support on 08/01/2013
    • Support on 07/31/2013
    • Support on 07/25/2013
  3. 1294.60
    • Support on 12/29/2017
    • Resistance on 12/28/2017
    • Resistance on 11/29/2017
    • Resistance on 11/28/2017
    • Resistance on 11/27/2017
    • Resistance on 11/23/2017
    • Resistance on 11/22/2017
    • Resistance on 11/20/2017
    • Resistance on 11/17/2017
    • Resistance on 10/17/2017
    • Support on 10/16/2017
    • Resistance on 10/12/2017
    • Resistance on 10/11/2017
    • Resistance on 10/10/2017
    • Resistance on 09/27/2017
    • Support on 09/25/2017
    • Support on 09/20/2017
    • Resistance on 08/25/2017
    • Resistance on 08/21/2017
    • Resistance on 08/18/2017
    • Resistance on 06/07/2017
    • Resistance on 06/06/2017
    • Resistance on 04/17/2017
    • Resistance on 11/10/2016
    • Resistance on 11/09/2016
    • Resistance on 11/07/2016
    • Support on 11/04/2016
    • Support on 11/03/2016
    • Resistance on 06/21/2016
    • Resistance on 06/16/2016
    • Resistance on 06/15/2016
    • Resistance on 05/06/2016
    • Resistance on 05/03/2016
    • Resistance on 05/02/2016
    • Resistance on 04/29/2016
  4. 1262.50
    • Resistance on 12/19/2017
    • Resistance on 12/18/2017
    • Resistance on 12/15/2017
    • Support on 12/06/2017
    • Support on 12/05/2017
    • Support on 10/27/2017
    • Support on 10/06/2017
    • Resistance on 08/08/2017
    • Resistance on 07/27/2017
    • Resistance on 07/26/2017
    • Resistance on 06/15/2017
    • Support on 06/13/2017
    • Support on 06/12/2017
    • Support on 06/02/2017
    • Support on 06/01/2017
    • Support on 05/31/2017
    • Resistance on 05/23/2017
    • Resistance on 05/22/2017
    • Resistance on 05/18/2017
    • Resistance on 05/17/2017
    • Support on 04/28/2017
    • Support on 04/27/2017
    • Support on 04/26/2017
    • Support on 04/25/2017
    • Resistance on 04/07/2017
    • Resistance on 04/04/2017
    • Resistance on 03/27/2017
    • Resistance on 02/27/2017
    • Resistance on 11/11/2016
    • Support on 10/28/2016
    • Support on 10/25/2016
    • Support on 10/24/2016
    • Support on 10/21/2016
    • Support on 10/20/2016
    • Resistance on 10/18/2016
    • Resistance on 10/13/2016
    • Resistance on 10/11/2016
    • Support on 10/05/2016
    • Support on 06/22/2016
    • Support on 06/21/2016
    • Resistance on 06/08/2016
    • Support on 05/13/2016
    • Support on 05/12/2016
    • Support on 05/11/2016
    • Support on 05/10/2016
    • Support on 05/09/2016
    • Resistance on 04/21/2016
    • Resistance on 04/12/2016
    • Resistance on 03/22/2016
    • Resistance on 03/18/2016
    • Resistance on 03/17/2016
    • Resistance on 03/16/2016
    • Resistance on 03/14/2016
    • Resistance on 03/09/2016
    • Resistance on 02/11/2016
  5. 1240.70
    • Support on 12/13/2017
    • Support on 12/12/2017
    • Support on 12/11/2017
    • Support on 06/30/2017
    • Support on 06/29/2017
    • Support on 06/27/2017
    • Support on 06/26/2017
    • Support on 06/21/2017
    • Support on 06/20/2017
    • Resistance on 05/04/2017
    • Support on 03/31/2017
    • Support on 03/30/2017
    • Support on 03/01/2017
    • Resistance on 02/22/2017
    • Resistance on 02/20/2017
    • Resistance on 02/17/2017
    • Resistance on 02/16/2017
    • Support on 10/07/2016
  6. 1204.80
    • Support on 07/10/2017
    • Support on 01/24/2017
    • Resistance on 01/19/2017
    • Resistance on 01/16/2017
    • Resistance on 01/12/2017
    • Support on 11/22/2016
    • Support on 11/21/2016
    • Support on 11/18/2016
    • Support on 06/01/2016
    • Support on 05/31/2016
    • Support on 05/30/2016
    • Support on 02/23/2016
    • Support on 02/22/2016
  7. 1131.60
    • Support on 12/27/2016
    • Support on 12/20/2016
    • Resistance on 02/02/2016
    • Support on 11/02/2015
    • Support on 09/28/2015
    • Resistance on 09/23/2015
    • Resistance on 09/17/2015
    • Support on 09/02/2015
    • Support on 08/31/2015
    • Support on 08/20/2015
    • Support on 07/17/2015
    • Support on 11/07/2014
  8. 1046.15
    • Support on 12/17/2015
    • Support on 12/03/2015
    • Support on 02/05/2010

Latest forecasts
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Gold (XAUUSD) Sun, 18 Feb 2018
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Gold (XAUUSD) Sat, 27 Jan 2018
Gold (XAUUSD) Sat, 20 Jan 2018