XAUUSD Gold Price forecast - Forex Trading Today
The market is moving as expected. What to do is to keep the position.
Gold: The market is saying that Gold has made its peak already. When gold prices rise, it will be a good selling opportunity. Important price lines for gold are $ 1335.70 and $ 1322.65. Important price lines for silver are $ 16.20 and $ 15.64.
[Gold price daily chart, XAUUSD]
WTI: The oil market is very unstable. Much parts of the globe are becoming battlegrounds. Crude oil prices are likely to surge. Brent oil can go up to $ 71. The WTI is likely to rise to $ 60.5.
Euro: The euro will begin to fall again. The same goes for Australian dollars and Canadian dollars. It would be better to find opportunities to sell.
SP500: The stock index will rebound a bit more. There are many who say that the stock market will collapse. But not yet. The SP500 will go up to 2850.
Gold: The market is saying that Gold has made its peak already. When gold prices rise, it will be a good selling opportunity. Important price lines for gold are $ 1335.70 and $ 1322.65. Important price lines for silver are $ 16.20 and $ 15.64.
[Gold price daily chart, XAUUSD]
Euro: The euro will begin to fall again. The same goes for Australian dollars and Canadian dollars. It would be better to find opportunities to sell.
SP500: The stock index will rebound a bit more. There are many who say that the stock market will collapse. But not yet. The SP500 will go up to 2850.