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Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

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.
DateFebruary 10, 2019 - 07:31
Currentuptrend
Forecastcontinuation of uptrend

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) Sun, 14 Apr 2024
Gold (XAUUSD) Sat, 6 Apr 2024
Gold (XAUUSD) Sat, 30 Mar 2024
Gold (XAUUSD) Sat, 23 Mar 2024
Gold (XAUUSD) Sat, 16 Mar 2024
History
Daily-Trading-Opportunities on XAUUSD.