💡 Don't miss the buying opportunity in XAUUSDMidterm forecast:
While the price is above the support 1762.05, resumption of uptrend is expected.
We make sure when the resistance at 1902.60 breaks.
If the support at 1762.05 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 trough is formed in daily chart at 1802.00 on 01/18/2021, so more gains to resistance(s) 1875.15 and maximum to Major Resistance (1902.60) 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 46.
Trade Setup:
We opened 6 BUY trade(s) @ 1836.93 based on 'Hammer' entry method at 2021.01.18.
Total Profit: 9052 point
Closed trade(s): 3822 point Profit
Open trade(s): 5230 point Profit
Closed Profit:
TP1 @ 1875.15 touched at 2021.01.29 with 3822 point Profit.
Open Profit:
Profit for one trade is 1847.39(current price) - 1836.93(open price) = 1046 point
5 trade(s) still open, therefore total profit for open trade(s) is 1046 x 5 = 5230 point
Take Profits:
TP1 @ 1875.15
TP2 @ 1902.60
TP3 @ 1931.40
TP4 @ 1965.50
TP5 @ 2075.05
TP6 Free
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D-XAU
💡Don't miss the great buy opportunity in XAUUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1851.58).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 71.
Take Profits:
TP1= @ 1877.50
TP2= @ 1887.81
TP3= @ 1902.33
TP4= @ 1928.23
TP5= @ 1960.00
SL= Break below S2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1762.05, resumption of uptrend is expected.
We make sure when the resistance at 1902.60 breaks.
If the support at 1762.05 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 trough is formed in daily chart at 1762.05 on 12/14/2020, so more gains to resistance(s) 1875.15 and maximum to Major Resistance (1902.60) 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 40.
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Gold Bullish momentum likely to continue.After strong resistance facing at 1960, precious metal dipped hard falling directly to 1900 support. 1900 support held up nicely and price is currently consolidatibg around 1915-1920. Our price target of 1958 is just below strong resistance of 1960. If market bias changes and gold breaks 1893 support, our SL is placed neately below at 1890. As a start of the new year, fascination about gold's new all time highs are luring XAU bulls to push price higher. We might see 2100 in not so long future.
💡Don't miss the great buy opportunity in XAUUSDTrading suggestion:
". There is a possibility of temporary retracement to suggested support line (1896).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold/Dollar is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 63.
Take Profits:
TP1= @ 1965
TP2= @ 2007
TP3= @ 2075
TP4= @ 2149
TP5= @ 2250
SL= Break below S2
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💡GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1762.05, resumption of uptrend is expected.
We make sure when the resistance at 1902.60 breaks.
If the support at 1762.05 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1818.00 on 12/14/2020, so more gains maximum to Major Resistance (1902.60) 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 56.
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💡 Don't miss the great buy opportunity in XAUUSDTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (1857.14). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 52.
Take Profits:
TP1= @ 1886.70
TP2= @ 1907.33
TP3= @ 1930.90
TP4= @ 1962.25
TP5= @ 1992.25
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1764.25, resumption of uptrend is expected.
We make sure when the resistance at 1875.15 breaks.
If the support at 1764.25 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1874.68 on 12/08/2020, so more losses to support(s) 1817.75, 1790.00 and minimum to Major Support (1764.25) 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 47.
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💡 Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1799.4). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Gold (XAUUSD) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 48.
Take Profits:
TP1= @ 1901.13
TP2= @ 1965.20
TP3= @ 2015.63
TP4= @ 2074.95
TP5= @ 1822.10
SL= Break below S2
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💡 Don't miss the great buy opportunity in Gold (XAUUSD)Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1842.0). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. Gold (XAUUSD) is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.
Take Profits:
TP1= @ 1869.39
TP2= @ 1883.00
TP3= @ 1898.50
TP4= @ 1930.00
TP5= @ 1965.30
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1747.50, resumption of uptrend is expected.
We make sure when the resistance at 1848.75 breaks.
If the support at 1747.50 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1898.75 on 11/16/2020, so more losses minimum to Major Support (1747.50) 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 31.
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💡Don't miss the great sell opportunity in Gold (XAUUSD)Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1848.92).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. Gold is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 23.
Take Profits:
TP1= @ 1830.74
TP2= @ 1816.68
TP3= @ 1792.64
TP4= @ 1766.74
TP5= @ 1744.73
SL: Break Above R2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1848.75, resumption of uptrend is expected.
We make sure when the resistance at 1975.00 breaks.
If the support at 1848.75 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1966.52 on 11/09/2020, so more losses minimum to Major Support (1848.75) 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 48.
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💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1908.8). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 45.
Take Profits:
TP1= @ 1850.30
TP2= @ 1815.95
TP3= @ 1787.10
TP4= @ 1744.65
TP5= @ 1688.45
SL: Break Above 1935.0
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💡 Two buy opportunity in XAUUSD, Mid-Term & Short-TermMid-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1920.0).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 60.
Take Profits:
TP1= @ 1975.00
TP2= @ 2000.00
TP3= @ 2015.30
TP4= @ 2075.00
SL= Break below S2
-------------------------------------------------------------------------------------------------------
Short-Term Forecast
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1926.5).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a uptrend and the continuation of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 73.
Take Profits:
TP1= @ 1955.5
TP2= @ 1977.0
TP3= @ 1992.2
TP4= @ 2015.2
TP5= @ 2075.0
SL= Break below S2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1790.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 57 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1931. 40 on 10/21/2020, so more losses to support(s) 1851.00, 1817.75 and minimum to Major Support (1790.00) 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 44.
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💡Don't miss the great sell opportunity in XAUUSDTrading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1897.3). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. XAUUSD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.
Take Profits:
TP1= @ 1872.70
TP2= @ 1862.25
TP3= @ 1848.45
TP4= @ 1816.60
TP5= @ 1791.85
SL: Break Above R2
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 2075.05, beginning of downtrend is expected.
We make sure when the support at 1851.00 breaks.
If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Technical analysis:
While the RSI resistance #1 at 62 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1932.20 on 10/12/2020, so more losses minimum to Major Support (1851.00) 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 48.
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 1920.00, continuation of downtrend is expected.
We make sure when the support at 1747.50 breaks.
If the resistance at 1920.00 is broken, the short-term forecast -continuation of downtrend- will be invalid.
Technical analysis:
The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
While the RSI resistance #1 at 51 is not broken, the probability of price increase would be too low.
A trough is formed in daily chart at 1846.50 on 09/28/2020, so more gains to resistance(s) 1909.00 and maximum to Major Resistance (1920.00) 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 46.
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2 Sell opportunity in XAUUSD , Mid-Term & IntradayMid-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 48.
Take Profits:
TP1= @ 1851.00
TP2= @ 1817.75
TP3= @ 1747.00
TP4= @ 1695.00
TP5= @ 1557.00
SL: Break Above 1934.00
-----------------------------------------------------------------------------------------------------------------
Short-Term Forecast:
Trading suggestion:
". There is still a possibility of temporary retracement to suggested resistance line (1909.00).
if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. XAUUSD is in a downtrend and the continuation of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 70.
Take Profits:
TP1= @ 1884.00
TP2= @ 1875.00
TP3= @ 1866.00
TP4= @ 1848.60
TP5= @ 1818.00
SL: Break Above 1925.00
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GOLD (XAUUSD) - Weekly Technical Analysis UpdateMidterm forecast:
While the price is above the support 1901.20, resumption of uptrend is expected.
We make sure when the resistance at 2075.05 breaks.
If the support at 1901.20 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
The symmetrical triangle taking shape and as a continuation pattern suggests we will soon see another leg higher if price breaks and closes above the downtrend line of the triangle.
While the RSI support #1 at 45 is not broken, the probability of price decrease would be too low.
A peak is formed in daily chart at 1991.10 on 09/01/2020, so more losses minimum to Major Support (1901.20) 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 52.
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