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: 129110 point
Closed trade(s): 9830 point Profit
Open trade(s): 119280 point Profit
_______________________________________________
Trade Setup:
We opened 24 BUY trade(s) @ 1167.05 (day close price) based on 'Valley' at 2015.03.18.

Closed Profit:
TP1 @ 1180.00 touched at 2015.03.20 with 1295 point Profit.
TP2 @ 1196.70 touched at 2015.03.25 with 2965 point Profit.
TP3 @ 1222.75 touched at 2015.05.14 with 5570 point Profit.
1295 + 2965 + 5570 = 9830 point

Open Profit:
Profit for one trade is 1223.85(current price) - 1167.05(open price) = 5680 point
21 trade(s) still open, therefore total profit for open trade(s) is 5680 x 21 = 119280 point
_______________________________________________

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1143.00 to 1127.70). 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 (1143.00)
    • Support on 03/17/2015
    • Support on 12/01/2014
    • Support on 11/11/2014
    • Support on 04/13/2010
    • Resistance on 03/04/2010
    • Resistance on 03/03/2010
    • Resistance on 01/20/2010
    • Resistance on 01/15/2010
    • Resistance on 01/14/2010
    • Resistance on 12/17/2009
    • Resistance on 12/16/2009
    • Resistance on 12/11/2009
    • Support on 12/07/2009
    • Support on 11/27/2009
  • Ending of entry zone (1127.70)
    • Support on 04/19/2010
    • Resistance on 04/02/2010
    • Resistance on 04/01/2010
    • Resistance on 03/19/2010
    • Resistance on 03/18/2010
    • Resistance on 03/17/2010
    • Resistance on 03/16/2010
    • Resistance on 03/10/2010
    • Support on 03/05/2010
    • Support on 03/04/2010
    • Resistance on 02/22/2010
    • Resistance on 02/19/2010
    • Resistance on 02/17/2010
    • Support on 02/03/2010
DateMay 17, 2015 - 05:47
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of uptrend.

Technical analysis:

  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 62.

Take Profits:

  1. 1180.00
  2. 1196.70
  3. 1222.75
  4. 1238.00
  5. 1272.65
  6. 1305.15
  7. 1330.90
  8. 1347.95
  9. 1390.00
  10. 1412.50
  11. 1433.50
  12. 1478.20
  13. 1539.95
  14. 1560.00
  15. 1595.20
  16. 1627.95
  17. 1666.00
  18. 1695.00
  19. 1720.00
  20. 1750.00
  21. 1785.00
  22. 1842.25
  23. 1920.60
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.