XAUUSD Gold Price forecast - Forex Trading Today
The market seems to have decided the way to go. I will keep the position.
Gold: Gold prices began to decline. The important price line of $ 1322.5 was broken. Perhaps, this means gold will decline for a while. Support lines are $ 1270 and $ 1241.
The silver is the same case. The important price line of $ 15.6 was broken. Support lines are $ 14.9 and $ 14.1.
[Gold price daily chart, XAUUSD]
WTI: The oil market is very unstable. They seem to want such a situation. The resistance of WTI is $ 60.5.
Euro: Euro strength will not come. EURUSD could not go up. If it does not go down, it will take a sideways walk. However, in the long run, EURUSD will decline.
SP500: The stock price indexes are going up and will rebound a little more. The SP500 will go up to 2850.
Gold: Gold prices began to decline. The important price line of $ 1322.5 was broken. Perhaps, this means gold will decline for a while. Support lines are $ 1270 and $ 1241.
The silver is the same case. The important price line of $ 15.6 was broken. Support lines are $ 14.9 and $ 14.1.
[Gold price daily chart, XAUUSD]
WTI: The oil market is very unstable. They seem to want such a situation. The resistance of WTI is $ 60.5.
Euro: Euro strength will not come. EURUSD could not go up. If it does not go down, it will take a sideways walk. However, in the long run, EURUSD will decline.
SP500: The stock price indexes are going up and will rebound a little more. The SP500 will go up to 2850.