XAUUSD Gold Price forecast - Forex Trading Today
The markets are returning to its own way. It is likely that the dollar will begin to strengthen sooner or later.
Gold: Gold has reached a very strong resistance line. It will fall. It will drop to at least $ 1270.
Silver prices have already begun to decline. It is likely to drop to at least 14.8. Now is the time to sell gold and silver. I will hold the sell-position firmly.
Euro: The euro will weaken. EURUSD's key pirce lines are 1.15 and 1.14. It has been confirmed that it can not exceed 1.15 line. It will decline in the long run.
The key price lines for GBPUSD are 1.337 and 1.2812. If it goes up, it will be a sell opportunity. It would be better to do sell trading.
WTI: The oil market is becoming unstable again. Someone might be hoping that. The key price lines are 51.5 and 62.2. It is likely to rise to around 62.2. However, entering the market now is very risky.
[Gold price daily chart, XAUUSD]
Gold: Gold has reached a very strong resistance line. It will fall. It will drop to at least $ 1270.
Silver prices have already begun to decline. It is likely to drop to at least 14.8. Now is the time to sell gold and silver. I will hold the sell-position firmly.
Euro: The euro will weaken. EURUSD's key pirce lines are 1.15 and 1.14. It has been confirmed that it can not exceed 1.15 line. It will decline in the long run.
The key price lines for GBPUSD are 1.337 and 1.2812. If it goes up, it will be a sell opportunity. It would be better to do sell trading.
WTI: The oil market is becoming unstable again. Someone might be hoping that. The key price lines are 51.5 and 62.2. It is likely to rise to around 62.2. However, entering the market now is very risky.
[Gold price daily chart, XAUUSD]