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ForecastCity_World
Jun 12, 2021 8:44 PM

💡GOLD (XAUUSD) - Weekly Technical Analysis Update Long

Gold/U.S. DollarFXCM

Description



Midterm forecast:

1762.55 is a major support, while this level is not broken, the Midterm wave will be uptrend.
We will close our open trades, if the Midterm level 1762.55 is broken.


Technical analysis:

A peak is formed in daily chart at 1916.50 on 06/ 01 /2021, so more losses to support(s) 1875.15, 1848.50, 1828.25 and minimum to Major Support (1762.55) 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 53.

Take Profits:

1762.55
1828.25
1875.15
1959.30
2075. 05




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Comments
FieryTrading
Looking good mate, thanks for sharing!
SignalProvider
I would be buying from this resistance
great job!
YMGroup
Great analysis
AtlasTrades
great lovely
theonlyikenna
financialflagship
Nice chart, keep up the good work. 😊
InkyGrip
great call 🦐
Sophi2018
That's a great update. Very helpful. Thanks .
shahid0088
so will it fgo down or up.your tp are confusing.u mentioned 1762 ans 2075?
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