ForecastCity_ME

GOLD Weekly Technical Analysis Update

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
Midterm forecast:
. 1818.00 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:
. While the RSI uptrend #1 is not broken, bullish wave in price would continue.
. A peak is formed in daily chart at 1818.00 on 07/07/2020, so more losses minimum to Major Support (1818.00) 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 83.

❤️ If you find this helpful and want more FREE forecasts in TradingView

. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . Drop some feedback below in the comment!

❤️ Your Support is very much 🙏 appreciated!❤️

💎 Want us to help you become a better Forex trader?

Now, It's your turn!
Be sure to leave a comment let us know how do you see this opportunity and forecast.

Trade well, ❤️
ForecastCity English Support Team ❤️
HighAccurate forecast for
🌟36 Forex Pairs: 916.000 pips track record profit
🌟34 Cryptos
🌟Gold, Silver, Oils, Gas
🌟Best Profitable Trading Strategies

in 9 languages

since 2007

http://www.ForecastCity.com
🌟FREE Telegram http://t.me/forecastcity_com

Comments

Great analysis! 😍😍😍
+1 Reply
ForecastCity_ME Shiva_forex
@Shiva_forex, Thanks a lot!
Reply
Thanks for sharing this great idea
+1 Reply
ForecastCity_ME Mehmetozdemi
@Mehmetozdemi, You're very welcome!
Reply
Thanks! Let's see what happens
+1 Reply
ForecastCity_ME tradingismypassion
@tradingismypassion, We hope you enjoy it.
Reply
Excellent as always!
+1 Reply
ForecastCity_ME Josef_anderson
@Josef_anderson, Thanks a lot
+1 Reply
Thank you!
+1 Reply
@Kamryn, You're very welcome
+1 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out