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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: -14864 pip
Closed trade(s): 0 pip Profit
Open trade(s): -14864 pip Profit

Trade Setup:
We opened 8 BUY trade(s) @ 1296.14 based on 'Valley' entry method at 2019.05.15.

Open Profit:
Profit for one trade is 1277.56(current price) - 1296.14(open price) = -1858 pip
8 trade(s) still open, therefore total profit for open trade(s) is -1858 x 8 = -14864 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.

DateSat, 05/18/2019 - 20:51
Currentrange bound
Forecastresumption of uptrend
Last weekBearish

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:

  • While the RSI downtrend #1 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) 1281.90, 1294.60, 1303.25 and maximum to Major Resistance (1346.60) is expected.
  • 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. 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) free Sat, 22 Jun 2019
Gold (XAUUSD) free Sat, 15 Jun 2019
Gold (XAUUSD) Sat, 8 Jun 2019
Gold (XAUUSD) free Sat, 1 Jun 2019
Gold (XAUUSD) Sat, 25 May 2019