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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 1818.00 breaks. If the resistance at 2075.05 is broken, the short-term forecast -beginning of downtrend- will be invalid. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. A peak is formed in daily chart at 2014.90 on 08/18/2020, so more losses to support(s) 1916.20, 1862.45 and minimum to Major Support (1818.00) 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 51. ❤️ 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 ❤️
FX:XAUUSD
by ForecastCity_ME
6
Don't miss the great sell opportunity in XAUUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1966.0). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 57. Take Profits: TP1= @ 1922.00 TP2= @ 1906.00 TP3= @ 1906.00 TP4= @ 1842.00 TP5= @ 1814.00 SL: Break Above R2 ❤️ 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 ❤️
FX:XAUUSDShort
by ForecastCity_ME
12
Don't miss the great sell opportunity in XAUUSDTrading suggestion: . There is a possibility of temporary retracement to suggested Resistance line (2036) or also on uptrend breakup. 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 down trend is expected. . The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 45. Take Profits: TP1= @ 2023 TP2= @ 2009 TP3= @ 1983 TP4= @ 1963 TP5= @ 1947 SL= Break above R2 ❤️ 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 ❤️
FX:XAUUSDShort
by ForecastCity_ME
14
GOLD Weekly Technical Analysis UpdateMidterm forecast: 1939.45 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 to support(s) 2000.00, 1970.20 and minimum to Major Support (1939.45) 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 79. ❤️ 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 ❤️
FX:XAUUSD
by ForecastCity_ME
8
GOLD Weekly Technical Analysis UpdateMidterm 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 ❤️
FX:XAUUSDLong
by ForecastCity_ME
21
GOLD Weekly Technical Analysis UpdateMidterm forecast: . While the price is below the resistance 1818.00, beginning of downtrend is expected. . We make sure when the support at 1660.25 breaks. . If the resistance at 1818.00 is broken, the short-term forecast -beginning of downtrend- will be invalid. 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 to support(s) 1802.55, 1779.25, 1765.05 and minimum to Major Support (1660.25) 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 67.
FX:XAUUSD
by ForecastCity_ME
20
Don't miss the great sell opportunity in XAUUSDTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (1731.0). 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 downtrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 27. Take Profits: TP1= @ 1711.43 TP2= @ 1691.60 TP3= @ 1670.30 SL: Break Above R2
FX:XAUUSDShort
by ForecastCity_EU
8
Don't miss the great buy opportunity in XAUUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1693.48). 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 41. Take Profits: TP1= @ 1710.95 TP2= @ 1721.87 TP3= @ 1739.50 SL= Break below S2
FX:XAUUSDLong
by ForecastCity_EU
14
Don't miss the great buy opportunity in XAUUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1494.30). 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 71. Take Profits: TP1= @ 1516.75 TP2= @ 1535.95 TP3= @ 1556.00 SL= Break below S2
FX:XAUUSDLong
by ForecastCity_EU
A great opportunity to buy in XAUUSD.Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 1183.15 would begin in Midterm. Technical analysis: The RSI resistance #1 at 53 is broken, so the probability of beginning of uptrend is increased. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses. Relative strength index (RSI) is 62. Trading suggestion: There is possibility of temporary retracement to suggested Buy Zone (1217.25 to 1204.15). 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 (1217.25) Ending of entry zone (1204.15) Entry signal: Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons : Take Profits: TP1 : @1240.00 TP2 : @1262.50 TP3 : @1287.00 TP4 : @1308.85 TP5 : @1324.15 TP6 : @1366.05 TP7 : Free
FX:XAUUSDLong
by ForecastCity