Gold Spot / U.S. Dollar
Long
Updated

GOLD(XAUUSD) -Weekly Forecast,Technical Analysis & Trading Ideas

5 661
Midterm forecast:
  • 2772.38 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 2772.38 is broken.

XAUUSD GOLD
Technical analysis:
  • A trough is formed in daily chart at 2832.55 on 02/28/2025, so more gains to resistance(s) 3100.00, 3150.00, 3200.00 and more heights is expected.

Take Profits:
  1. 2833.00
  2. 2879.11
  3. 2955.00
  4. 3000.00
  5. 3057.40
  6. 3100.00
  7. 3150.00
  8. 3200.00

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

. . . . . . . . Hit the 'BOOST' button 👍
. . . . . . . . . . . Drop some feedback in the comments below! (e.g., What did you find most useful? How can we improve?)

🙏 Your support is appreciated!

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

Have a successful week,
ForecastCity Support Team
Trade active
snapshot
💡H1 Timeframe:
  • 4CastMachine AI forecasts that a Head and Shoulders pattern is likely to form on the one-hour timeframe and has drawn it.
  • The price target has also been drawn according to this pattern.
  • On this basis, if the neckline is broken, the price is expected to reach 3051.50.
  • 3127.44 support is broken now. It will act as a Resistance now!
  • Given the break of the ascending trend line in the RSI, the corrective wave is expected to continue to a depth of 3055.
XAUUSD GOLD
💡H1 Forecast:
  1. Correction wave toward the Sell Zone
  2. Another Downward Impulse wave toward Lower TPs

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.