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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: 51182 pip
Closed trade(s): 40967 pip Profit
Open trade(s): 10215 pip Profit

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

Closed Profit:
TP1 @ 1303.25 touched at 2019.05.31 with 711 pip Profit.
TP2 @ 1310.55 touched at 2019.06.03 with 1441 pip Profit.
TP3 @ 1323.70 touched at 2019.06.03 with 2756 pip Profit.
TP4 @ 1346.60 touched at 2019.06.07 with 5046 pip Profit.
TP5 @ 1375.05 touched at 2019.06.20 with 7891 pip Profit.
TP6 @ 1390.00 touched at 2019.06.20 with 9386 pip Profit.
TP7 @ 1433.50 touched at 2019.06.25 with 13736 pip Profit.
711 + 1441 + 2756 + 5046 + 7891 + 9386 + 13736 = 40967 pip

Open Profit:
Profit for one trade is 1398.29(current price) - 1296.14(open price) = 10215 pip
1 trade(s) still open, therefore total profit for open trade(s) is 10215 x 1 = 10215 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 1375.05 is broken, we will close open trades.

DateSat, 07/06/2019 - 20:46
Currentuptrend
Forecastcontinuation of uptrend
Last weekBullish

Midterm forecast:

  • 1375.05 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 1375.05 is broken.

Technical analysis:

  • While the RSI support #1 at 60 is not broken, the probability of price decrease would be too low.
  • A peak is formed in daily chart at 1439.20 on 06/25/2019, so more losses to support(s) 1390.00 and minimum to Major Support (1375.05) 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 60.

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, 20 Jul 2019
Gold (XAUUSD) free Sat, 13 Jul 2019
Gold (XAUUSD) free Sat, 6 Jul 2019
Gold (XAUUSD) free Sat, 29 Jun 2019
Gold (XAUUSD) free Sat, 22 Jun 2019