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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Gold technical chart
Symbol XAUUSD

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Trade Setup
#XAUUSD
Total Profit: 41774 pip
Closed trade(s): 25600 pip Profit
Open trade(s): 16174 pip Profit

Trade Setup:
We opened 7 BUY trade(s) @ 1233.30 based on 'Valley' entry method at 2018.11.01.

Closed Profit:
TP1 @ 1240.00 touched at 2018.12.04 with 670 pip Profit.
TP2 @ 1262.50 touched at 2018.12.20 with 2920 pip Profit.
TP3 @ 1287.00 touched at 2019.01.02 with 5370 pip Profit.
TP4 @ 1308.85 touched at 2019.01.29 with 7555 pip Profit.
TP5 @ 1324.15 touched at 2019.01.31 with 9085 pip Profit.
670 + 2920 + 5370 + 7555 + 9085 = 25600 pip

Open Profit:
Profit for one trade is 1314.16(current price) - 1233.30(open price) = 8087 pip
2 trade(s) still open, therefore total profit for open trade(s) is 8087 x 2 = 16174 pip

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 1287.00 is broken, we will close open trades.

DateSun, 02/10/2019 - 07:31
Currentuptrend
Forecastcontinuation of uptrend
Last weekBearish

Midterm forecast:

  • 1287.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  • We will close our open trades, if the Midterm level 1287.00 is broken.

Technical analysis:

  • While the RSI uptrend #1 is not broken, bullish wave in price would continue.
  • A trough is formed in daily chart at 1302.72 on 02/07/2019, so more gains to resistance(s) 1324.15, 1357.35, 1366.05 and more heights is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 63.

Take Profits:

  1. 1240.00
  2. 1262.50
  3. 1287.00
  4. 1308.85
  5. 1324.15
  6. 1366.05
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) free Sat, 17 Aug 2019
Gold (XAUUSD) free Sat, 10 Aug 2019
Gold (XAUUSD) free Sat, 3 Aug 2019
Gold (XAUUSD) Sat, 27 Jul 2019
Gold (XAUUSD) free Sat, 20 Jul 2019