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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: 2508 pip
Closed trade(s): 2508 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 1292.19 based on 'Peak' entry method at 2019.04.11.

Closed Profit:
TP1 @ 1284.35 touched at 2019.04.15 with 784 pip Profit.
TP2 @ 1274.95 touched at 2019.04.16 with 1724 pip Profit.
784 + 1724 = 2508 pip

5 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1281.90 to 1274.95). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1281.90)
    • Support on 08/25/2017
    • Support on 09/27/2017
    • Support on 09/28/2017
    • Resistance on 10/04/2017
    • Support on 10/17/2017
    • Resistance on 10/26/2017
    • Resistance on 11/01/2017
    • Resistance on 11/02/2017
    • Resistance on 11/06/2017
    • Resistance on 11/07/2017
    • Resistance on 11/08/2017
    • Resistance on 11/14/2017
    • Resistance on 11/15/2017
    • Resistance on 11/16/2017
    • Resistance on 11/21/2017
    • Support on 11/29/2017
    • Resistance on 12/01/2017
    • Support on 05/21/2018
    • Resistance on 12/28/2018
    • Resistance on 12/31/2018
    • Support on 01/04/2019
    • Support on 01/07/2019
    • Support on 01/08/2019
    • Support on 01/09/2019
    • Support on 01/23/2019
    • Support on 03/04/2019
    • Support on 03/05/2019
    • Support on 03/07/2019
    • Support on 04/04/2019
    • Support on 04/15/2019
    • Resistance on 04/25/2019
    • Resistance on 05/03/2019
    • Resistance on 05/06/2019
    • Support on 05/13/2019
  • Ending of entry zone (1274.95)
    • Support on 08/25/2017
    • Support on 09/29/2017
    • Resistance on 10/05/2017
    • Support on 10/09/2017
    • Support on 10/23/2017
    • Support on 10/24/2017
    • Support on 10/25/2017
    • Resistance on 10/27/2017
    • Resistance on 11/01/2017
    • Support on 11/07/2017
    • Support on 11/10/2017
    • Support on 11/14/2017
    • Support on 11/16/2017
    • Support on 11/20/2017
    • Support on 11/21/2017
    • Resistance on 12/22/2017
    • Support on 06/15/2018
    • Resistance on 06/20/2018
    • Resistance on 12/26/2018
    • Resistance on 12/27/2018
    • Support on 04/16/2019
    • Support on 04/25/2019
    • Support on 04/26/2019
    • Support on 05/01/2019

DateWed, 05/15/2019 - 21:19
Currentrange bound
Forecastresumption of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 1266.00, resumption of uptrend is expected.
  • We make sure when the resistance at 1346.60 breaks.
  • If the support at 1266.00 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of resumption of uptrend is increased.
  • While the RSI downtrend #2 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 1266.20 on 05/02/2019, so more gains to resistance(s) 1303.25, 1310.55, 1323.70 and maximum to Major Resistance (1346.60) 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 57.

Take Profits:

  1. 1303.25
  2. 1310.55
  3. 1323.70
  4. 1346.60
  5. 1375.05
  6. 1390.00
  7. 1433.50
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) new Sat, 23 May 2020
Gold (XAUUSD) Mon, 18 May 2020
Gold (XAUUSD) Sat, 16 May 2020
Gold (XAUUSD) Sat, 9 May 2020
Gold (XAUUSD) free Sat, 2 May 2020