Gold Price forecast and trading, XAUUSD - Gold Market Today

The market is noisy. The market seems to be billowing like a sea of waves.

Gold: I do not know if the gold price will go down further. I expect the gold price to fall below $ 1270, and will hold the position. An important price line for gold is $ 1,300.

Silver: The silver prices are likely to fluctuate severely. If it surges, it might be able to touch $ 15.5. Silver prices will drop to $ 14.5. I will hold the position.

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


WTI: The crude oil market is quiet. Brent crude seems to be weak. It seems that the rebound is not over yet. Now is not a good time to enter the market. An important price line for WTI is $ 54.5.

Euro: The euro is not attracting trader's attention. It is not easy to profit from Euro trading on this stage. The important price lines for EURUSD are 1.134 and 1.1452.

We need to be interested in the Australian dollar. AUDUSD is likely to fall again. It would be better to find opportunities to sell.

SP500: The stock indexes are weakening. It is likely that they are heavily fluctuating. The important price line for the SP500 is 2722.