XAUUSD Gold Price forecast and trading, down to $1269.5, $1250.0 - Forex Trading Today

The direction of the market was determined. Yet, the state is unstable.

Gold: Gold prices are falling as I expected. XAUUSD will drop to at least $ 1269.5. If the market is weak, it will fall to $ 1250. I expected $ 1307 to be a resistance line, and my expectations were correct.

Silver is relatively weak compared to gold. The $ 14.95 is supportive, but weak. I believe silver prices will continue to fall. XAGUSD will drop to $ 14.68. In the medium term, silver prices are likely to drop to $ 13.92. I will hold the sell-position. I feel that there will be good returns.

[Gold price daily chart, XAUUSD]
Gold Price forecast and trading, XAUUSD - Gold market today - down to $1269.5, $1250.0


WTI: The oil market will remain hot. The fire in the Middle East will be more intense. Brent oil will rise to at least $ 75.3 and WTI to at least $ 68. If things get worse, Brent oil could go over $ 100.

Sugar: We need to be interested in sugar. Someone seems to be managing sugar futures  prices. There is clearly a master. It is likely to rise to $ 0.15. If sugar prices fall, it would be better to look for opportunities to buy.

Euro: The euro is in a state of no change. That's what traders hate the most. Perhaps, EURUSD is likely to plunge at some point. It would be better to wait for the opportunity to sell.
Reference Only. If you are looking for a reference for real trading, this may be the right place. I hope you do not copy, but hope you get your own better strategy by referring to the above and make a good trading.