XAUUSD Gold Price forecast - Forex Trading Today
The market is quiet. Everyone seems to be tense.
Gold: The gold prices are not moving. It stands on a support line. It will drop further. However, I do not know whether a rebound will come. We have to think about closing the position. Important price lines for XAUUSD are $ 1270 and $ 1300.
Silver: The flow of silver price is similar to that of gold. Silver prices are likely to go down further. It would be better to hold the position. Important price lines for XAGUSD are $ 14.8 and $ 15.4.
[Gold price daily chart, XAUUSD]
WTI: The oil market is calm. However, the base of the crude oil market is very unstable. Crude oil prices are likely to go up further. Critical price lines for WTI are $ 54.4 and $ 63.1.
Euro: The euro will go down further. Since EURUSD stands on a strong support line, it will take time to go down. The important price lines for EURUSD are 1.1341 and 1.1424.
The Australian dollar and the Canadian dollar are moving as expected. Hold the position. British pounds and Japanese yen should be watched outside the market.
SP500: Stock indices have stopped rebounding. They have rebounded to the expected target. We need to be careful from now on and to think about closing the buy position. Important price lines for SP500 are 2717 and 2849.
Gold: The gold prices are not moving. It stands on a support line. It will drop further. However, I do not know whether a rebound will come. We have to think about closing the position. Important price lines for XAUUSD are $ 1270 and $ 1300.
Silver: The flow of silver price is similar to that of gold. Silver prices are likely to go down further. It would be better to hold the position. Important price lines for XAGUSD are $ 14.8 and $ 15.4.
[Gold price daily chart, XAUUSD]
WTI: The oil market is calm. However, the base of the crude oil market is very unstable. Crude oil prices are likely to go up further. Critical price lines for WTI are $ 54.4 and $ 63.1.
Euro: The euro will go down further. Since EURUSD stands on a strong support line, it will take time to go down. The important price lines for EURUSD are 1.1341 and 1.1424.
The Australian dollar and the Canadian dollar are moving as expected. Hold the position. British pounds and Japanese yen should be watched outside the market.
SP500: Stock indices have stopped rebounding. They have rebounded to the expected target. We need to be careful from now on and to think about closing the buy position. Important price lines for SP500 are 2717 and 2849.