Weekly XAUUSD Technical Analysis and Forecast - Commodities

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Weekly forecast		Gold technical chart
Symbol	XAUUSD	Download MT4 template file Trading suggestion: Price is in the Trend Hunter Buy Zone (1083.25 to 1070.00). We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets. Beginning of entry zone (1083.25) Resistance on 11/20/2015 Resistance on 11/19/2015 Resistance on 11/17/2015 Support on 11/13/2015 Support on 11/12/2015 Support on 11/11/2015 Support on 08/07/2015 Support on 08/06/2015 Support on 08/05/2015 Support on 08/04/2015 Support on 07/31/2015 Support on 07/30/2015 Support on 07/24/2015 Ending of entry zone (1070.00) Support on 11/19/2015 Support on 11/18/2015 Support on 11/17/2015 Support on 02/11/2010 Support on 02/10/2010 Resistance on 10/14/2009
Date	November 21, 2015 - 17:09
Current	range bound
Forecast	resumption of uptrend
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast resumption of uptrend. Technical analysis: Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 31. Take Profits: 1104.55 Resistance on 11/06/2015 Support on 10/02/2015 Support on 09/16/2015 Support on 09/15/2015 Support on 09/14/2015 Support on 09/11/2015 Support on 09/10/2015 Support on 09/09/2015 Support on 08/12/2015 Resistance on 08/10/2015 Resistance on 07/31/2015 Resistance on 07/27/2015 Resistance on 07/23/2015 1117.45 Support on 11/03/2015 Support on 09/17/2015 Support on 09/08/2015 Support on 09/07/2015 Support on 09/04/2015 Support on 08/27/2015 Support on 08/26/2015 1143.00 Resistance on 11/02/2015 Support on 10/29/2015 Resistance on 10/05/2015 Resistance on 09/18/2015 Resistance on 09/02/2015 Resistance on 09/01/2015 Resistance on 08/26/2015 Support on 07/16/2015 Support on 07/15/2015 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 1155.00 Support on 10/28/2015 Support on 10/13/2015 Support on 10/12/2015 Resistance on 10/07/2015 Resistance on 09/24/2015 Resistance on 08/25/2015 Resistance on 08/20/2015 Resistance on 07/15/2015 Support on 07/14/2015 Support on 07/13/2015 Support on 07/09/2015 Support on 07/08/2015 Support on 07/07/2015 Support on 07/02/2015 Resistance on 03/17/2015 Support on 03/11/2015 Support on 03/10/2015 Support on 12/01/2014 Support on 11/14/2014 Support on 11/13/2014 Support on 11/12/2014 Support on 07/28/2010 Support on 05/05/2010 Support on 04/15/2010 Resistance on 04/14/2010 Support on 04/12/2010 Resistance on 04/08/2010 Resistance on 04/07/2010 Resistance on 01/12/2010 Resistance on 01/11/2010 1182.00 Resistance on 10/28/2015 Resistance on 10/20/2015 Resistance on 06/30/2015 Support on 06/22/2015 Support on 06/18/2015 Resistance on 06/12/2015 Resistance on 06/09/2015 Support on 06/03/2015 Support on 05/28/2015 Support on 05/27/2015 Support on 05/12/2015 Support on 05/11/2015 Support on 05/08/2015 Support on 05/07/2015 Support on 04/30/2015 Support on 04/14/2015 Support on 04/01/2015 Support on 03/31/2015 Support on 03/30/2015 Support on 01/05/2015 Support on 01/02/2015 Support on 12/31/2014 Support on 12/30/2014 Support on 12/29/2014 Support on 12/17/2014 Support on 11/20/2014 Support on 11/19/2014 Support on 11/18/2014 Support on 10/06/2014 Support on 12/31/2013 Support on 06/28/2013 Resistance on 08/02/2010 Resistance on 07/30/2010 Resistance on 07/27/2010 Support on 07/26/2010 Support on 07/23/2010 Support on 07/22/2010 Support on 07/21/2010 Support on 07/20/2010 Support on 07/19/2010 1196.70 Resistance on 06/03/2015 Resistance on 06/02/2015 Resistance on 05/12/2015 Resistance on 05/06/2015 Resistance on 05/05/2015 Resistance on 04/24/2015 Support on 04/17/2015 Support on 04/16/2015 Support on 04/13/2015 Support on 04/08/2015 Support on 04/02/2015 Support on 03/27/2015 Resistance on 03/25/2015 Resistance on 03/24/2015 Support on 03/05/2015 Support on 03/04/2015 Support on 03/03/2015 Support on 02/24/2015 Support on 02/23/2015 Support on 02/20/2015 Support on 02/18/2015 Resistance on 01/02/2015 Resistance on 12/29/2014 Resistance on 12/26/2014 Resistance on 12/22/2014 Support on 12/09/2014 Support on 12/03/2014 Support on 12/02/2014 Resistance on 11/20/2014 Resistance on 11/19/2014 Resistance on 11/18/2014 Resistance on 11/17/2014 Support on 10/30/2014 Support on 12/31/2013 Support on 12/24/2013 Support on 12/23/2013 Support on 06/28/2013 Support on 06/27/2013 Support on 08/12/2010 Support on 08/11/2010 Support on 08/10/2010 Resistance on 08/05/2010 Resistance on 08/04/2010 Resistance on 07/23/2010 Resistance on 07/22/2010 Resistance on 07/21/2010 Resistance on 07/19/2010 Support on 07/13/2010 Support on 07/12/2010 Support on 07/09/2010 Support on 07/08/2010 Support on 07/02/2010 Support on 07/01/2010 Support on 06/04/2010 1222.75 Resistance on 05/14/2015 Resistance on 04/06/2015 Resistance on 03/02/2015 Support on 02/13/2015 Support on 01/12/2015 Resistance on 01/06/2015 Resistance on 12/16/2014 Resistance on 12/15/2014 Resistance on 12/01/2014 Support on 10/28/2014 Support on 10/15/2014 Support on 10/13/2014 Resistance on 10/08/2014 Resistance on 10/02/2014 Resistance on 09/29/2014 Resistance on 09/26/2014 Resistance on 09/25/2014 Resistance on 09/24/2014 Support on 09/18/2014 Support on 09/17/2014 Support on 01/09/2014 Support on 01/08/2014 Support on 01/07/2014 Support on 01/06/2014 Support on 01/03/2014 Resistance on 12/19/2013 Support on 12/13/2013 Support on 12/12/2013 Support on 12/09/2013 Support on 12/06/2013 Support on 12/05/2013 Support on 12/04/2013 Resistance on 12/03/2013 Support on 07/08/2013 Support on 07/05/2013 1255.00 Support on 02/05/2015 Support on 02/04/2015 Support on 02/03/2015 Support on 01/30/2015 Support on 01/29/2015 Support on 01/16/2015 Resistance on 10/21/2014 Support on 09/09/2014 Support on 09/08/2014 Resistance on 06/09/2014 Resistance on 06/06/2014 Resistance on 06/05/2014 Support on 05/29/2014 Support on 05/28/2014 Support on 02/07/2014 Resistance on 01/31/2014 Resistance on 01/28/2014 Resistance on 01/21/2014 Resistance on 01/20/2014 Resistance on 01/17/2014 Resistance on 01/14/2014 Resistance on 01/13/2014 Resistance on 12/12/2013 Resistance on 11/29/2013 Resistance on 11/27/2013 Support on 10/15/2013 Resistance on 07/09/2013 Resistance on 07/04/2013 Resistance on 07/03/2013 Resistance on 07/02/2013 Resistance on 07/01/2013 1305.15 Resistance on 01/22/2015 Resistance on 01/21/2015 Resistance on 08/18/2014 Support on 08/13/2014 Support on 08/12/2014 Support on 08/11/2014 Support on 08/08/2014 Support on 08/07/2014 Resistance on 07/30/2014 Resistance on 07/29/2014 Resistance on 07/24/2014 Support on 07/22/2014 Support on 07/21/2014 Support on 07/18/2014 Resistance on 07/16/2014 Support on 07/14/2014 Support on 06/26/2014 Support on 06/20/2014 Resistance on 05/22/2014 Resistance on 05/19/2014 Resistance on 05/15/2014 Resistance on 05/12/2014 Support on 05/06/2014 Resistance on 05/02/2014 Resistance on 04/28/2014 Resistance on 04/25/2014 Resistance on 04/17/2014 Resistance on 04/16/2014 Support on 04/09/2014 Resistance on 04/07/2014 Resistance on 04/04/2014 Resistance on 03/27/2014 Support on 03/25/2014 Support on 03/24/2014 Support on 02/20/2014 Resistance on 02/13/2014 Support on 11/07/2013 Support on 11/05/2013 Support on 11/01/2013 Resistance on 10/10/2013 Support on 10/09/2013 Support on 10/07/2013 Support on 10/04/2013 Support on 10/03/2013 Support on 09/24/2013 Support on 09/18/2013 Support on 09/17/2013 Support on 09/16/2013 Support on 09/13/2013 1347.95 Support on 03/12/2014 Resistance on 10/30/2013 Resistance on 10/24/2013 Resistance on 09/30/2013 Resistance on 07/24/2013 Resistance on 07/23/2013 Support on 06/19/2013 Support on 05/20/2013 Support on 04/18/2013 Support on 04/16/2013 1390.00 Resistance on 03/17/2014 1433.50 Peak on 08/28/2013 Resistance on 08/28/2013 Resistance on 05/15/2013 Support on 05/10/2013 Resistance on 04/24/2013 Resistance on 04/23/2013 Resistance on 04/22/2013 Support on 04/05/2011 Resistance on 04/01/2011 Resistance on 03/31/2011 Resistance on 03/25/2011 Resistance on 03/22/2011 Resistance on 03/21/2011 Resistance on 03/14/2011 Resistance on 03/09/2011 Resistance on 03/08/2011 Resistance on 03/07/2011 1478.20 Resistance on 05/09/2013 Resistance on 05/08/2013 Resistance on 05/06/2013 Resistance on 05/03/2013 Resistance on 05/01/2013 Resistance on 04/30/2013 Resistance on 04/29/2013 Resistance on 04/26/2013 Support on 04/12/2013 Support on 07/01/2011 Support on 05/17/2011 Support on 05/12/2011 Support on 05/05/2011 1539.95 Support on 04/04/2013 Support on 05/30/2012 Support on 05/23/2012 Support on 05/15/2012 Support on 12/29/2011 Support on 09/26/2011 1595.20 Support on 04/01/2013 Support on 03/29/2013 Support on 03/28/2013 Support on 03/27/2013 Support on 03/26/2013 Support on 03/25/2013 Resistance on 03/15/2013 Resistance on 03/14/2013 Resistance on 03/13/2013 Resistance on 03/12/2013 Support on 02/27/2013 Resistance on 02/25/2013 Support on 08/15/2012 Support on 08/14/2012 Support on 08/01/2012 Resistance on 07/17/2012 Resistance on 07/16/2012 Resistance on 07/13/2012 Resistance on 07/10/2012 Support on 07/05/2012 Support on 07/03/2012 Support on 06/20/2012 Support on 06/12/2012 Resistance on 06/08/2012 Resistance on 05/22/2012 Support on 05/21/2012 Resistance on 05/21/2012 1666.00 Support on 02/08/2013 Support on 02/07/2013 Resistance on 01/29/2013 Support on 01/24/2013 Support on 01/17/2013 Support on 01/15/2013 Resistance on 01/09/2013 Resistance on 12/31/2012 Resistance on 12/28/2012 Support on 12/19/2012 Support on 12/18/2012 Resistance on 08/30/2012 Resistance on 05/02/2012 Resistance on 05/01/2012 Resistance on 04/30/2012 Resistance on 04/27/2012 Resistance on 04/10/2012 Support on 04/02/2012 Resistance on 03/29/2012 Resistance on 03/23/2012 Resistance on 03/20/2012 Support on 03/13/2012 Support on 03/06/2012 Support on 01/25/2012 Support on 01/24/2012 Support on 01/23/2012 Resistance on 01/19/2012 Resistance on 01/18/2012 Resistance on 01/17/2012 Resistance on 12/13/2011 Support on 11/22/2011 Support on 11/21/2011 1720.00 Resistance on 12/12/2012 Resistance on 12/04/2012 Resistance on 11/07/2012 Resistance on 11/06/2012 Support on 10/22/2012 Support on 10/19/2012 Support on 09/13/2012 Resistance on 03/12/2012 Resistance on 03/05/2012 Resistance on 03/02/2012 Resistance on 03/01/2012 Support on 02/20/2012 Support on 02/17/2012 Support on 02/16/2012 Support on 02/13/2012 Resistance on 02/06/2012 Support on 02/03/2012 Resistance on 01/26/2012 Support on 12/07/2011 Resistance on 12/06/2011 Support on 12/06/2011 1785.00 Resistance on 10/02/2012 Resistance on 10/01/2012 Resistance on 09/28/2012 Resistance on 09/21/2012 Resistance on 02/29/2012 Resistance on 02/28/2012 Resistance on 02/24/2012 Resistance on 02/23/2012 Resistance on 02/22/2012 Resistance on 11/16/2011 Resistance on 11/15/2011 Resistance on 11/14/2011 Resistance on 11/09/2011 1842.25 Resistance on 09/14/2011 Resistance on 09/13/2011 1920.60 Resistance on 09/06/2011 Click on the level to view price action history.