website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast Gold technical chart
Symbol XAUUSD

Download MT4 template file

Trade Setup
#XAUUSD
Total Profit: -57324 point
Closed trade(s): 0 point Profit
Open trade(s): -57324 point Profit

Trade Setup:
We opened 6 BUY trade(s) @ 1829.78 based on 'Valley' entry method at 2021.02.08.

Open Profit:
Profit for one trade is 1734.24(current price) - 1829.78(open price) = -9554 point
6 trade(s) still open, therefore total profit for open trade(s) is -9554 x 6 = -57324 point

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.

DateFebruary 27, 2021 - 13:39
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 1688.65, resumption of uptrend is expected.
  • We make sure when the resistance at 1762.05 breaks.
  • If the support at 1688.65 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 peak is formed in daily chart at 1815.10 on 02/23/2021, so more losses minimum to Major Support (1688.65) 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 30.

Take Profits:

  1. 1875.15
  2. 1902.60
  3. 1959.30
  4. 2000.00
  5. 2075.05
Click on the level to view price action history.

Symbol Released Current Forecast
Gold (XAUUSD) Sat, 23 Mar 2024
Gold (XAUUSD) Sat, 16 Mar 2024
Gold (XAUUSD) Sat, 9 Mar 2024
Gold (XAUUSD) Sat, 2 Mar 2024
Gold (XAUUSD) Sat, 24 Feb 2024