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

8 400
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 peak is formed in daily chart at 3167.60 on 04/03/2025, so more losses to support(s) 3000.00, 2955.00, 2879.11 and minimum to Major Support (2772.38) is expected.

Take Profits:
  1. 2833.00
  2. 2879.11
  3. 2955.00
  4. 3000.00
  5. 3057.40
  6. 3100.00
  7. 3167.60
  8. 3200.00

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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
Note
We apologize, given that all analyses and texts are generated automatically, due to a software error, last week's text was placed at the top. This week's correct text is below:
Midterm forecast:
  • 2772.38 is a major support, while this level is not broken, the Midterm wave will be uptrend.

Technical analysis:
  • A trough is formed in daily chart at 2956.50 on 04/07/2025, so more gains to resistance(s) 3310.00, 3400.00 and more heights is expected
.
Take Profits:
  1. 2833.00
  2. 2879.11
  3. 2955.00
  4. 3000.00
  5. 3057.40
  6. 3167.60
  7. 3310.00
  8. 3400.00

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