XAUUSD Gold Price forecast - Forex Trading Today
The market is moving against the opinion of experts. The market has returned to its own path. The market is likely to fulctuate a lot next week. I will hold the position.
>> Bought Corn (CME CBOT: ZC) 2 units at 374.0
Gold: The gold market has established its peak. Gold prices are likely to fall with fluctuating. The opportunity to sell still remains. If it rises above $ 1287, it will be an opportunity to sell. The opportunity to sell silver has passed.
WTI: Crude oil prices will go up further. But it will soon reach the peak of the rebound. I will not go into the oil market yet.
Corn: The grain market does not look good. Corn attracts our attention. However, the shapes of soybeans and wheat are not good. I will wait for a safer opportunity and buy more. Sugar prices seem to be weak. If it does not rise strongly next week, I will close.
Eur: The euro will continue to fall. Next week, EURUSD is likely to fluctuate. The opportunity to sell the euro has already passed. If it goes over 1.147, it will be a selling opportunity.
USDCAD will continue to rise in the long term. In the short term, it seems that it needs some time to prepare for the rise. It is better to wait for a safe buying opportunity.
SP500: Stock index is likely to go up a little more. The SP500 is likely to rebound to around 2730. Next week, it will fluctuate a lot. Now is not a good time to trade the stock index.
[Gold price daily chart, XAUUSD]
>> Bought Corn (CME CBOT: ZC) 2 units at 374.0
Gold: The gold market has established its peak. Gold prices are likely to fall with fluctuating. The opportunity to sell still remains. If it rises above $ 1287, it will be an opportunity to sell. The opportunity to sell silver has passed.
WTI: Crude oil prices will go up further. But it will soon reach the peak of the rebound. I will not go into the oil market yet.
Corn: The grain market does not look good. Corn attracts our attention. However, the shapes of soybeans and wheat are not good. I will wait for a safer opportunity and buy more. Sugar prices seem to be weak. If it does not rise strongly next week, I will close.
Eur: The euro will continue to fall. Next week, EURUSD is likely to fluctuate. The opportunity to sell the euro has already passed. If it goes over 1.147, it will be a selling opportunity.
USDCAD will continue to rise in the long term. In the short term, it seems that it needs some time to prepare for the rise. It is better to wait for a safe buying opportunity.
SP500: Stock index is likely to go up a little more. The SP500 is likely to rebound to around 2730. Next week, it will fluctuate a lot. Now is not a good time to trade the stock index.
[Gold price daily chart, XAUUSD]