XAUUSD Gold Price forecast - Forex Trading Today
Gold: I can not see how high and how long the gold prices will rise. What we can do now would be to wait for the opportunity to sell.
Crude oil: Crude oil market seems to be stopping the decline. Of course, I'm not sure yet. $57.5 is important.
Agriculture: The grain market is confusing. There seems to be no sense of direction. It is better to wait.
Sugar: We need to be interested in sugar prices. It seems likely that it will go up one more step. If it falls, it would be better to buy.
>> Bought WTI Oil (CME NYMEX: CL) at 50.00
Wednessday, November 28, 2018
Gold : The end of the year is approaching, and the market is becoming unstable. It seemed to be busy until mid-December, so I have closed all metal positions.
Crude oil is at the level to rebound, so hold the position.
Sugar prices are likely to rise again, and bought.
<< Closed GOLD (XAUUSD) +14.2pt (+1.15%)
<< Close SILVER (XAGUSD) +0.37pt (+2.51%)
<< Closed COPPER Futures (CME COMEX: HG) +0.0457pt (+1.63%)
<< Closed PLATINUM Futures (CME NYMEX: PL) +22.9pt (+2.71%)
>> Bought Sugar (ICE: SB) at 0.1203
Tuesday, November 27, 2018
Gold: The precious metals market is weakening. In particular, the silver price is likely to fall one more step.
Platinum: It seems that it is not yet ready to fall. However, it is likely to decline.
Copper: Copper prices do not look good. Perhaps, there is a high possibility of a big decline. In the long term, it could be down to 2.1.
Crude oil: Crude oil prices may fall further. However, it is highly likely to rebound now. It would be better to think about buying very carefully.
Natural Gas: Natural gas is not of interest for a while.
Agriculture: The grain market does not look good. Sugar is the same.
>> Bought WTI Oil (CME NYMEX: CL) at 50.62
>> Sold Copper (CME COMEX: HG) at 2.745
>> Sold Platinum (CME NYMEX: PL) at 846.60
## $50 Oil Puts Shale To The Test : If prices rose to, say, $60 per barrel, shale activity would ramp up and new supplies would come online. If prices fell to $40 per barrel or below, drilling dried up and the drop (or slowdown in growth) tightened the market just enough to push prices back up.
## Russia-led Eurasian Union notches up major success in dumping dollar in favor of national currencies.
## Bitcoin’s 3rd bear market in decade could be its worst, plunging 80 percent from last year's high.
Monday, November 26, 2018
Gold : There was nothing unusual in the market today. As expected, the gold and silver markets are weakening. I will hold the positions.
Copper: Copper prices are likely to go down further. Perhaps, it is likely to fall below 2.5.
Crude Oil : The crude oil market has not yet stabilized. However, it seems to be time to consider the bottom of crude oil price.
Agriculture : The prices flow in grain markets are getting worse. It is better to wait until good flows comes out.
Weekend market summary and next week's strategies.
As expected, the precious metals market weakened. Gold, silver and platinum prices are likely to go down. Therefore, it would be better to find opportunities to sell.
Gold: The trading range for gold is likely to be between 1200 and 1227, for silver, between 14.0 and 14.43, for platinum, between 810 and 840. If they go up, it will be good oppertunites to sell more.
Copper: The trading range for copper is likely to be between 2.61 to 2.77.
Crude Oil: I do not know how the crude oil prices move. The crude oil market is not normal. Perhaps, so-called, they seem to be trampling on the oil market. It is better to wait until the market stabilizes. The same goes for natural gas.
Agricultural: Agricultural markets do not look good for trading. It would be better to wait for a safe and good opportunity.
[Gold price weekly chart: XAUUSD]
