XAUUSD Gold Price forecast and trading - Forex Trading Today

The market lost its temper. This is a very difficult time to trade.

Gold: The fight is fierce in the gold market. It is difficult for gold to go up and  to go down.  It is better to wait until the market is stable and direction is decided. The same goes for the silver market.

[Gold price daily chart, XAUUSD]
Gold Price forecast and trading, XAUUSD - Commodity market today

WTI: The energy market seems to be getting something. It is very unstable. WTI will continue to rise. The target is $ 63.1.

Euro: I do not know if the euro will go up a little more. The important thing is that EURUSD has hit the strong resistance line of 1.1432. It is better to wait until the direction becomes clear. USDCAD will keep going up. AUDUSD will go down.

SP500: The stock market is crazy. Perhaps, they seem to be crazy who are doing all their power to boost stock indexes.  The stock indexes appear to be as important to them as life. I will wait for a safe opportunity.




Meaning of terms :
▷ BUY the Dip : The current price is higher than the entry price. Buy when price drops to/below the entry price.
▷ BUY the Breakout : The current price is lower than the entry price. Buy when price breaks upward through the entry price. ( When price moves above the entry price level.)
▷ SELL the Bounce : The current price is lower than the entry price. Sell when price rebounds to/above the entry price.
▷ SELL the Breakdown : The current price is higher than the entry price. Sell when price breaks downward through the entry price.  (When price moves below the entry price level.)

Position Trading. Position trading with monthly charts for holding positions for weeks to months. Not much demand on the trader's time.

Simple and Profitable. Key points in real trading are the present and the numbers. There are only practical and strategic figures.

Reference Only. I hope you do not copy above, but hope you get your own better strategies by referring to the above and make good profits.