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Weekly forecast Gold technical chart
Symbol XAUUSD

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Trade Setup

#XAUUSD
Total Profit: 10846 point
Closed trade(s): 1126 point Profit
Open trade(s): 9720 point Profit

Trade Setup:
We opened 9 SELL trade(s) @ 1335.41 based on 'Peak' entry method at 2018.04.20.

Closed Profit:
TP1 @ 1324.15 touched at 2018.04.23 with 1126 point Profit.

Open Profit:
Profit for one trade is 1335.41(open price) - 1323.26(current price) = 1215 point
8 trade(s) still open, therefore total profit for open trade(s) is 1215 x 8 = 9720 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.

DateApril 30, 2018 - 11:12
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 1375.05, beginning of downtrend is expected.
  • We make sure when the support at 1294.60 breaks.
  • If the resistance at 1375.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.

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 45.

Take Profits:

  1. 1324.15
  2. 1308.85 ✔(2018-05-01)
  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, 23 Mar 2024
Gold (XAUUSD) Sat, 16 Mar 2024
Gold (XAUUSD) Sat, 9 Mar 2024
Gold (XAUUSD) Sat, 2 Mar 2024
Gold (XAUUSD) Sat, 24 Feb 2024