Gold Price forecast and trading, XAUUSD - Gold Market Today

Precious metal market is being locked. There is nothing special.

Gold: The gold prices are not moving, it will drop. An important price line for gold is $ 318, and for silver is $ 15.9. I will hold the sell-position.

The silver prices are likely to plunge soon. It seems that we need to focus the attention on silver prices.

[Gold price daily chart, XAUUSD]
Gold Price forecast and trading, XAUUSD - Gold Market Today

Euro: The euro has been rebounding strongly. It happened at the strong support line. There is nothing special. EURUSD will decline. The key price line for EURUSD is 1.1392. I will keep the sell position.

GBPUSD may rebound a bit. Its important price line is 1.3107. It is not a good time to enter the market.

WTI: Brent oil looks strong. Brent is likely to rebound a bit more. WTI looks relatively weak. An important price line for WTI is 55.5. I will watch.

Sugar: Sugar looks interesting. The key price is 12.9. If sugar prices surpass 12.9 strongly, it would be a buy signal.


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