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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
_______________________________________________

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.

DateSun, 02/11/2018 - 17:22
Currentrange bound
Forecastbeginning of downtrend
Last weekBearish

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 44.

Take Profits:

  1. 1324.15
  2. 1308.85
  3. 1294.60
  4. 1262.50
  5. 1240.70
  6. 1204.80
  7. 1131.60
  8. 1046.15
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) Sat, 13 Oct 2018
Gold (XAUUSD) Sat, 6 Oct 2018
Gold (XAUUSD) free Sun, 30 Sep 2018
Gold (XAUUSD) free Sat, 22 Sep 2018
Gold (XAUUSD) free Sun, 16 Sep 2018